Oracle poised to expand cloud offerings

Reuters News
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Posted: Oct 05, 2011 6:35 PM
Oracle poised to expand cloud offerings

BOSTON (Reuters) - Oracle Corp <ORCL.O> is preparing to expand its offerings in cloud computing, one of the fastest-growing areas of the technology sector, the company said on Wednesday ahead of a speech by Chief Executive Larry Ellison.

The company released a short statement saying that Executive Vice President Thomas Kurian would provide a "technical deep dive" on the offerings to media and analysts following Ellison's speech to customers at the technology giant's annual users conference.

Oracle, which offers a wide variety of software and hardware used in corporate data centers, has lagged behind rivals including Salesforce.com Inc <CRM.N>, Amazon.com Inc <AMZN.O> and Google Inc <GOOG.O> in offering cloud computing services to its customers.

Two company officials declined to describe the new offerings.

(Reporting by Jim Finkle; Editing by Phil Berlowitz)