Oracle’s Share enjoying Upward Trend

OracleOn Sunday evening, the Chief Executive of Oracle, Larry Ellison informed that the company is looking forward for selling its own computing power and storage applications. The applications and software will be made available for rent for the cloud service businesses.

During a conference in San Francisco, the Chief Executive said, “You can access all of these services across the network. It makes sense for Oracle to be in all three tiers of cloud services”. In the past five years, it is for the very first time when the Company has updated its version.

The updated versions will allow the users to move their computing jobs from data centers to the Internet. It has come to light that just like Oracle many other companies like Business Machines, Microsoft and VMware are planning to bring a change in the supply of the software platform so that customers could be provided with greater opportunities to work.

Following the announcement, the shares of the company witnessed a small push in the market. The shares were seen up less than one percent at $31.46. However, this year, the shares of the firm have received a jump of 23%.