Reuters: Technology News: Oracle plans new cloud-based products, first Ellison tweet

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Oracle plans new cloud-based products, first Ellison tweet May 31st 2012, 02:51 Tweet Share this Email Print Related News Jury deals big blow to Oracle in Android case versus Google Wed, May 23 2012 SAP to buy Ariba, boosts cloud bet Wed, May 23 2012 Insight: Salesforce's plan for opulent campus a costly debacle Fri, May 11 2012 Oracle CEO Larry Ellison delivers the keynote address at the 29th Oracle OpenWorld in San Francisco October 2, 2011. Credit: Reuters/Susana Bates Wed May 30, 2012 10:51pm EDT (Reuters) - Larry Ellison, the billionaire chief executive of software maker Oracle Corp, said his company will launch a new suite of cloud-based software products and computing services the first week of June and he plans to send out his first tweet to announce the event. Oracle, which gets most of its revenue by selling software that companies install in their own data centers, is far behind smaller software vendor Salesforce.com Inc in the business of distributing its products via the Internet. Oracle generates about $1 billion in annual revenue from Web-based software, Ellison said on Wednesday at a conference organized by All Things Digital. That is about a third what Salesforce.com projects it will pull in during the current year. The new cloud, or Web-based, products include a platform for building and running applications, databases and business management software, Ellison said. He is scheduled to provide more details at an event for customers and analysts on June 6 at Oracle's headquarters in Redwood City, California. (Reporting By Jim Finkle; Editing by Matt Driskill) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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