Can the software giant’s winning streak last?
, the co-founder and chairman of Oracle, a business-software firm, is still brimming with energy. During the company’s latest quarterly earnings call on June 12th the septuagenarian rhapsodised youthfully about
Like Mr Ellison, Oracle might be seen as a dinosaur of American tech. It began life in 1977 as a database-software business, later expanding into applications for business functions such as finance, sales and supply-chain management. As a latecomer to the cloud, however, the business has ceded market share in recent years to Amazon, Google and Microsoft, three cloud giants that have aggressively expanded their business-software offerings.
Investors like what they see. Oracle’s shares have gained in value by 73% over the past 12 months, well ahead of the tech-heavy Nasdaq index . The company’s market capitalisation is $315bn, making it the world’s fourth-most-valuable business-software maker, behind Microsoft, Alphabet , and Amazon.of the sort that powers chatand other content-creating bots. In March it became the first cloud provider to offer access to themodels.
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