Oracle to abandon massive mergers and acquisitions: Boosting growth with cloud computing

Oracle plans to avoid large-scale mergers and acquisitions and expand through internal growth, while expanding the use of its products with hardware sales and new cloud computing services.

Savra Caze, Safra Catz of Oracle, said at a meeting of investors and analysts that any large-scale deal would have to face "huge hurdles" after $40 billion trillion in acquisitions of more than 70 companies. As a result, the company will focus on its existing operations, including Sun, which bought 7.4 billion of dollars last year. Oracle is putting databases and commercial software on the computer and packing them up for sale. The company is also bullish on the prospect of http://www.aliyun.com/zixun/aggregation/2014.html ">fusion Business applications and Oracle's public cloud services."

"We all know that mergers and acquisitions are an important part of Oracle's growth," said Bill Whyman, an analyst with ISI Group, American market research firm Bill Viman. But on the other hand, no one wants to dilute profits because of large mergers and acquisitions. ”

Mark Hurd, chief executive of Oracle, also said the Hurd would distract management, so the company will focus on "organic" growth with existing products this fiscal year. "I think our performance this fiscal year will be very strong. "he said.

Oracle's series of acquisitions began in 2005 with the acquisition of the human Resources software company Benevolence (Peoplesoft). The company relied on a series of deals to push up its full income to $35.6 billion trillion as of May. Analysts expect the company's revenue this fiscal year to reach $38.6 billion trillion, an increase of 8% per cent.

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