Sunday, 14 April 2019 17:36

Oracle CEO Mark Hurd expresses strong support for the future of NetSuite

By

Mark Hurd, Oracle CEO, speaking at SuiteWorld publicly expressed strong support for the future of NetSuite as a major part of Oracle's future.

Mark Hurd was interviewed by NetSuite's executive vice-president, Evan Goldberg toward the end of the opening keynote at SuiteWorld in Las Vegas.

Mark Hurd: Ever since we acquired NetSuite, I remember writing part of the press release, saying these products would go on forever… I remember writing that… and I still get the question, 'are you eventually going to quit building this product?' And so communicating with clarity, 'this is our direction, this is our strategy' not just externally, but also internally, I think is a big part of that.

Evan Goldberg: Speaking of NetSuite, we're part of a bigger strategy that Oracle has, maybe you can talk about how you see NetSuite fitting in.

Mark Hurd: I think it [NetSuite] is as strategic an acquisition as we have ever made. And I think you [Evan Goldberg] and the team have performed extremely well to make it look like as good a decision as I hoped it would look like.

Evan Goldberg: So how does NetSuite fit into the overall Oracle strategy, which is [a] very broad, dramatic strategy, for the coming years?

Mark Hurd: As you know, there's two big bets in the company - 'applications' and 'database' and the applications market is a $125B market as its constituted today, so it's a big market, lot of money in it. And frankly, we think all of that is going to move to the cloud. All of it. Just for simplicity's sake, it costs less, it's more secure, there's more innovation; we could go on for a long time about it. But there's really no reason why all of the applications don't move to the cloud.

The first generation of ERPs that were deployed down in the marketplace were pretty-much led by SAP and Oracle. But SAP and Oracle didn't have 50% of the market share, believe it or not. It's often talked about like one had 45 and the other had 42 and hardly anyone else participated.

That's not what happened. SAP had 24-25%, we had 21-22%, that means 53% of the market is in the hands of quote-unquote 'others' and nobody of those others has more than 3%. So the back-office is, of the $125B, about $75B of it. So the bulk of it is in the back office.

We built a product at Oracle called Fusion, which is really built for the most complex companies in the world. But frankly not built, discretely, for the purpose that NetSuite was. And I actually believe, contrary to many, that the two were extremely complimentary.

Whether it was NetSuite in a small division of a big company, whether it was NetSuite being the complete back-end for a mid-sized company; these were perfect fits. And the fact that we sit here as the only company with a true SaaS back-office suite… and we actually have two of them… and nobody else has one of them is a big differentiator for us and we're just going to continue to invest in both.

The author attended SuiteWorld as a guest of NetSuite

Read 4219 times

Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here




WOMEN IN PROCESS MINING VIRTUAL EVENT

Enterprises are looking to integrate AI into process mining to future proof their operations.

The recently formed Australian chapter of Women in Process Mining (WIPM) is hosting a Zoom event from 1pm to 2pm on November 14 on the topic Using AI for Process Optimisation.

WIPM is a community designed for women in process mining; to strengthen their leadership, magnify their influence, and pave the way for process mining together.

The event is being hosted by Chapter Leads Kanika Goel, PhD, Claudia M., and Susana Zavaleta, with special guest speaker Jack Basley from global process mining leader Celonis

Register for the Zoom event now!

REGISTER!

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

BACK TO HOME PAGE
David Heath

David Heath has had a long and varied career in the IT industry having worked as a Pre-sales Network Engineer (remember Novell NetWare?), General Manager of IT&T for the TV Shopping Network, as a Technical manager in the Biometrics industry, and as a Technical Trainer and Instructional Designer in the industrial control sector. In all aspects, security has been a driving focus. Throughout his career, David has sought to inform and educate people and has done that through his writings and in more formal educational environments.

Share News tips for the iTWire Journalists? Your tip will be anonymous

Subscribe to Newsletter

*  Enter the security code shown: img0

WEBINARS & EVENTS

CYBERSECURITY

PEOPLE MOVES

GUEST ARTICLES

Guest Opinion

ITWIRETV & INTERVIEWS

RESEARCH & CASE STUDIES

Channel News

Comments