Oracle To Push New Cloud Offerings Services

Oracle Corp, is said to push for its cloud computing services and newer database software products, offsetting declines in hardware sales.

The global software maker has been struggling to turn around its Sun computer division amid tight technology budgets.

“We expect (Oracle’s) business to remain steady with the upcoming release of its new flagship database product, continued momentum around its cloud business and accelerating Exa-systems business,” ThinkEquity Analyst Yun Kim said.

Chief Executive Larry Ellison said on an earnings conference call that the company will announce an upgraded version of its 12c database software product soon.