In the cloud computing market, Amazon has long since left Oracle behind.
September 11th, according to foreign media reports, Oracle CEO Mark Hurd announced that he would take a physical leave, “focus on his health.”
In this regard, Oracle did not disclose more specific information, nor did it announce the time of his return. Joint CEOSafra Catz and founder and chief technology officer Larry Ellison will take over his work. Hurd will also miss the OpenWorld conference in San Francisco next week.
At this point in time, Hurd’s departure is a bit subtle. Earlier, Oracle announced its first quarter 2020 earnings report, showing that its net profit fell 6%, from $22.7 billion last year to $21.4 billion. After the earnings report, Oracle’s share price plummeted more than 5%.
In the face of the impact of cloud computing, such established companies as Oracle are making a difficult transition. But in the cloud computing market, Amazon has long left Oracle behind.
But in fact, as an established company of corporate services, on the B side of the cloud, the Oracle text has a good hand. But 10 years ago, when Amazon’s S3 service was just launched, Larry Ellison sneered: “I don’t understand what the guys are saying. It’s just a nonsense. What does cloud computing mean? The stupid concept of the province. Let’s go.”
This “stupid concept” eventually eroded the Oracle market. Their users have become accustomed to ordering cloud computing on demand and will not buy Oracle for a hammer service.
The feng shui turns. A few years ago, Oracle also started the transition to cloud computing, but it has long missed the best opportunity, and many people have been slow to blame.
Oracle is also paying for the mistakes of its past judgments. Last year, Oracle lost a general. “No. 2”, Thomas Kurian, president and product manager responsible for the cloud transformation strategy, left the company and turned to Google Cloud.
In addition to high-level turmoil, Oracle has also started a layoff plan. In early May, Oracle confirmed that the first batch of layoffs in China was more than 900. After two weeks, Oracle fired 300 employees in the Seattle office as part of a comprehensive compression plan for the Oracle cloud computing team.
The rise of cloud computing and mobile Internet has made many established companies cope with fatigue. Similar to Oracle, IBM and Intel are also turning hard, but they are already in a state of fatigue at such a fast pace of development.