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Oracle (ORCL) Q3 2021 Earnings Call Transcript

Oracle (ORCL) Q3 2021 Earnings Call Transcript
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Oracle Q3, 2020-21: Revenue growth of 3% backdrop to Ellison attack on SAP

Oracle Q3, 2020-21: Revenue growth of 3% backdrop to Ellison attack on SAP
Chairman and CTO Larry Ellison launches competitive attack on SAP as Oracle’s third-quarter results show revenue growth of 3%
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Published: 11 Mar 2021 11:16
Oracle Corporation has announced third-quarter 2020-21 revenue of $10.1bn, up 3% on the same quarter last year. The supplier declared an operating profit of $3.9bn, up 10% on last year.
CEO Safra Catz said in the earnings release: “We continued to extend our huge lead in the cloud ERP market as Fusion ERP grew 30% and NetSuite ERP grew 24%.”
Larry Ellison, chairman and CTO, added: “Oracle’s Gen2 Cloud Infrastructure business added customers, and grew revenue at a rate in excess of 100%. ....

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SAP gets the 'full Ellison' as the Oracle CTO names 100 ERP 'defectors' from his oldest adversary

SAP gets the full Ellison as the Oracle CTO names 100 ERP defectors from his oldest adversary
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SAP is more responsible for our leadership position than we are.
It was a combative Larry Ellison who had his German nemesis firmly in his sights as he co-hosted the Oracle Q3 post-results analyst call yesterday.
Indeed at some points it was quite like old times for the more battle-scarred enterprise software watchers among us, many of whom might have anticipated just such a reaction following SAP CEO Christian Klein’s claim in January that:
In the ERP space alone, we have more than 200 wins against Oracle. ....

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