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CORRECTION: Oracle expects US$38.87 billion in revenues for fiscal year 2014

July 26
3:11 PM 2013

(CORRECTED: Edited title to indicate an expected US$38.87 billion in revenues and other changes.)

Oracle agreed with a nine-year alliance deal with Salesforce.com. At present, Oracle is the world's leading enterprise software provider. Conversely, Salesforce is one of the fast-developing cloud-computing corporations. Their deal was made to boost Oracle's efforts on cloud computing and hardware enterprise.

The deal said that Salesforce would aid Oracle by using Exadata servers and Java middleware app. It would also use Oracle Fusion Human Capital Management and Oracle Financial Cloud throughout the company. Also, Salesforce would refer its clients to Oracle for cloud applications. This would provide Oracle the advantage that it needed over its rivals. Subsequently, Saleforce would utilize the database management system of Oracle.

Every day, the two corporations were able to supply roughly one million cloud-based agreements. Salesforce said that it would report a revenue growth of about 26% to attain US$3.86 billion with profits each share of US$.0.48 in 2014. Oracle's latest transactions would upsurge its revenue in the future as well as its cloud service capabilities. Analysts said that buying stocks from these companies was recommended due to their promise of long-term growth. 

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