Oracle CEO On Transition Into Cloud, Acquisition Of Datalogix And Micros Systems

Mark Hurd, CEO of Oracle Corporation ORCL was on CNBC to talk about Oracle’s transition into cloud computing and its two new acquisitions – Datalogix Holdings Inc. and Micros Systems, Inc. MCRS.

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Oracle's Success Is Attributed To Hard Work And Time

“If you look at our results and you look at our performance, it’s been one that built over time,” Hurd said.

“So, lot of R&D; it’s a lot of work to write software that’s been a six-, seven-year process at Oracle. It’s been building a sales force. It’s educating the sales force. It’s creating awareness with customers. We have just done a lot of work and it’s been over a long period of time and I think it’s shown up in our results.”

What Makes Oracle Stand Out From Peers?

Hurd continued, “We are one of the few, few cloud companies that frankly we are not only getting bigger, but our growth rate is actually accelerating at the same time and I think that’s because of all the things I described: better training, better sales, more sales people, lots of great products in R&D, some good acquisitions and altogether its combined to this set of results.”

Datalogix And Micros Systems Acquisitions

“Datalogix is actually part of our whole effort to go into the marketing automation,” Hurd said.

“So, we have tried to build two real differentiators in our cloud applications business – or if you will, SAS – to have each application to be the absolute best at what it does, best at marketing, the best in HCM, the only ones in the market today with ERP and EPM, the best at sales and then at the same time to be the only one with the suite of capabilities.”

“Datalogix fits in perfectly. It’s a data company that provides very rich data set that actually works with multiple of our applications [sic.]. Micros is actually a leader in the hospitality area, which is a key vertical as part of our retail business and we are thrilled with both acquisitions."