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Larry Ellison says Oracle's new database is pulling companies away from Amazon Web Services

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Larry Ellison called Oracle's Autonomous Database 'the most successful introduction of a new product in Oracle's 40-year history.'

Ellison said on Thursday that the database now has nearly 1,000 customers, and is undergoing 4,000 user trials elsewhere.

"Oracle's future rests on two strategic businesses: cloud applications and cloud infrastructure," he said.To date, most of Oracle's cloud revenue is based on its cloud applications business, which includes its financial applications and its HR apps . Ellison is ready for the fight. Touting better security and faster performance is how Oracle is attempting to woo companies to sign on with its cloud, and not defect to Amazon.

"We've got one customers who's done a series of tests. They were AWS users. We've got these AWS ads that promise 'cut your bills in half.' They found we're running 11.5 times faster than they were running on AWS and they cut their bill by 80%," he said.

 

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