Oracle CEO Larry Ellison delivered his second keynote at the Oracle OpenWorld conference in San Francisco, and also gave a rare interview to CNBC’s Maria Baritoromo.
In the TV interview (see below), Ellison said that Oracle will not be doing any large acquisitions:
“We think we have all the assets in-house to grow very rapidly on an organic basis,” he said.
On his keynote, Ellison reminded the audience that Oracle offers more applications on a SAAS basis than anyone else. He also made some important pronouncements around his view of how the cloud runs, again making subtle digs at the competition.
In the Cloud, it’s easy for a company to change its mind. “They can move to an Oracle private cloud or public cloud without changing anything,” he said. “It’s very easy to move applications back and forth.” He thinks many of those customers will do just that and switch over to the public cloud within a year. “We’ll have more visibility into that by this time next year,” he said.