"Oracle has, for most of the last decade, bought cloud companies and spent big on remaking its engineering and sales staff for the cloud world. That has paid off some: In the last fiscal year, the company had $12.2 billion in core cloud software sales, an increase of 49 percent from fiscal 2014.
That is enough to make Oracle one of the largest cloud companies, but it was still just 8 percent of the company’s revenue. Overall revenue shrank 3 percent last year, as demand for older products fell."
its pretty clear the way going forward in business is with cloud based technology, times have changed and old technology is becoming obsolete.
oracle know this and have paid almost 10 billion for this cloud software because they release they need to step up or lose market share.
NetSuite which is the integral product that JCS offers in its services,
this really is huge for JCS and when the market catches on this fly.
Add to My Watchlist
What is My Watchlist?
