By Noel Randewich
SAN FRANCISCO Oct 4 Oracle Corp has
all the pieces it needs to compete in cloud computing but is
always interested in looking at compelling M&A opportunities,
Chief Financial Officer Safra Catz told investors.
Speaking at Oracle's annual investor day on Thursday, Catz
said Oracle is now a one-stop shop for companies moving to cloud
computing, while rivals like Amazon.com and
Salesforce.com each offer some but not all of the
Echoing comments by Oracle co-founder and Chief Executive
Officer Larry Ellison to CNBC television earlier this week, Catz
said Oracle has no need for any big acquisitions, but left the
"You know us, I'm a personal shopper for our CEO. When we
find something that's really compelling that we think we can
make a lot of money for all of you with, we're going to buy it,"
"We don't feel pressed to buy anything. We've got all the
most incredible parts right now," she added.
Ellison was slow to embrace cloud computing, which is a
broad term referring to the delivery of computer services via
the Internet from remote data centers.
But his company is now rushing to promote its own offerings
in the rapidly growing area and has also acquired several firms
selling Internet-based software as its corporate customers
embraced younger cloud rivals including Salesforce, Amazon.com
and Google Inc.
Oracle's strategy is to offer its customers complete
cloud-computing packages, including operating systems, databases
and software, and the hardware infrastructure needed to run
Santa Clara, California-based Oracle unveiled new cloud
products at Oracle's annual users conference this week in San
Francisco. They included an updated version of its top-selling
corporate database along with high-end computers designed for
Oracle estimates some 50,000 corporate executives and
technology workers attended the conference.