Oracle grows with Microsoft’s cloud computing software
Through a shared network, cloud computing was able to deliver services on software and IT infrastructure. Analysts said that the global cloud market would grow at a compound growth rate of 26.6% yearly. The figure would denote an increase from 2010's US$37.8 billion to 2015's U$121.1 billion.
The opportunities to grow using the cloud technology make it a great catch for software companies. Combining the technology with the current applications would even make it more profitable. One of these software companies that were looking to grow further through cloud computing is Oracle.
Oracle signed a contract with Microsoft to allow Java developers to make applications through the use of Oracle tools on the servers of Microsoft. Hyper-V and Microsoft Azure would be utilized by Oracle. The cloud services that were offered by Microsoft would aid the users of Oracle to transfer their workloads to Azure. Their contract stated that Microsoft would provide and support Java as Oracle does the same for Linux on the servers of Microsoft Windows.
The agreement was said to be one of the biggest agreements in the world of softwares. With the deals recently made by Oracle, it anticipated to earn a total of US$38.87 billion next year, up from 2013's US$37.18.