In FY’16, Oracle plans on selling
between $1.5 billion and $2 billion of new SaaS and PaaS business. In other
words, the company plans to sell at least twice as much as they sold last year.
And that’s at least 50% more new business than Salesforce.com will sell in
their current fiscal year. And if Oracle exceeds their plan like they did this
Q4, they could book twice as much new business as Saleforce.com.
Larry Ellison, Executive Chairman and
CTO said, ‘Now I don’t think that’s likely that we will sell double than what
Saleforce.com sells, but it’s definitely possible’. Oracle’s Cloud SaaS and
PaaS revenue is still second to Salesforce.com but the management strongly
believes that they are growing at a much faster rate than Salesforce.com.
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