Five Minute Briefing - Oracle
March 18, 2020
Published in conjunction with the Quest Oracle Community (Quest), this bi-weekly publication contains news, market research, and insight for the Oracle ecosystem, as well as Quest news and information. Subscribers also receive Quest ResearchWire, a bi-monthly research report for the Oracle community.
News Flashes
Kinetica, the provider of the Kinetica Active Analytics Platform for the modern digital economy, is releasing Kinetica Cloud, allowing users to utilize the full capabilities of the Kinetica platform in an optimal cloud environment.
Oracle has announced a new Developer Associate certification for Oracle Cloud Infrastructure. The Developer Associate certification is intended for developers who have 6 months of experience in developing and maintaining applications. With this addition, Oracle now offers five distinct certifications for architects, operators, and developers on Oracle Cloud Infrastructure.
Oracle last week announced strong results for fiscal 2020 Q3. Total revenues were $9.8 billion, up 2% in USD and 3% in constant currency compared to Q3 last year. Cloud services and license support revenues were $6.9 billion, up 4% in USD and 5% in constant currency. "Subscription revenues, made up of cloud services and license support revenues, grew 5% in constant currency. These consistently growing and recurring subscription revenues now account for 71% of total company revenues," said Safra Catz, Oracle CEO.
Think About It
Organizations have progressively pushed more infrastructure from on-premise data centers into cloud data centers. Some of this is driven by the desire to reduce costs, but more often than not, organizations are realizing that the infrastructure required for the level of connectivity, data growth, and analytics needed for success in a modern organization is well beyond the reach of homegrown infrastructure.
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