Five Minute Briefing - Information Management
June 22, 2015
Five Minute Briefing - Information Management: June 22, 2015. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.
Announcing its fiscal 2015 Q4 results, Oracle said its business was significantly impacted by the strengthening of the U.S. dollar compared to foreign currencies. Oracle reported that total Q4 revenues were $10.7 billion, down 5% but would have been up 3% without the strengthening of the U.S. dollar.
Oracle announced more than two dozen new PaaS and IaaS services spanning database, Java, integration, analytics, compute, storage, and networking services. "We are now prepared to call our platform and our infrastructure services complete," said Oracle executive chairman of the board and CTO Larry Ellison during the launch event. A key tenet of Oracle's cloud strategy, said Ellison is to offer the same technology on-premise and in the cloud "so you can easily move your data and applications back and forth."