Oracle Oracle says no big acquisitions rely on cloud services to drive growth

October 10 News, according to foreign http://www.aliyun.com/zixun/aggregation/31646.html "> media reported that the world's second largest software maker Oracle said its goal is to avoid large acquisitions and promote internal growth, Rely on hardware sales and new cloud computing services to expand the application of their products.

Safra Catz, Oracle's co-president, said at an analyst meeting in San Francisco that any additional big acquisitions would have to clear a huge hurdle after spending more than 40 billion of dollars on more than 70 companies.

Oracle will focus on already-owned products, including the server business of Sun Microsystems, which it bought 7.4 billion dollars last year. Oracle will install its own database and business application software into a customized computer to attract users. Oracle also promoted its new fusion business application software and a service called Oracle's public cloud. The service will provide software online via cloud computing.

Oracle's joint President Mark Hurd also said the big acquisitions would distract Oracle's management. Oracle will focus this fiscal year on organic growth in existing products. ' We think we're going to be a real strong growth year, ' he said.

Cloud service shifts will help Oracle keep up with rivals. Competitors are offering more software over the Internet. Oracle will also enhance competition with pioneer in cloud server field, including Salesforce.

(Responsible editor: Lu Guang)