Oracle co-founder and Chief Technology Officer Larry Ellison claims he is beating Amazon Web Services on price.
Ellison claimed that some of AWS’ “most famous brands” plan to move to Oracle Cloud Infrastructure (OCI).
He said. “And the AWS bill is getting very large. And they can save a huge amount of money by moving to OCI. And we expect next quarter we’ll be announcing some brands and companies moving off of Amazon to OCI that will shock you.”
He continued: “The amount of money these huge companies, these very famous companies, spend with Amazon is kind of staggering. I mean, everyone assumes, ‘Hey, I move to the cloud, and I save a lot of money.’ Depends which cloud you move to. And Oracle is much less expensive than the competition. … We’re talking to the most famous brands that are running Amazon and some of them are going to be moving very soon.”
“Our job is to give our customers the ability to choose application infrastructure technology from multiple clouds and then have those different clouds coexist and interoperate gracefully”, Ellison said on the call. “Multi-cloud interoperability is an important step in the evolution of cloud computing. Multi-cloud interoperability is one of the reasons our infrastructure business is booming. Growing over 50 percent in US dollars, and almost 60 percent in constant dollars. We expect Oracle’s total cloud business to exceed a $20 billion annual run rate next year.”
