Amazon will soon surpass Oracle as the second-biggest enterprise software company, analyst says

as the second-largest enterprise software provider in the next 12 to 15 months, analyst Rohit Kulkarni of MKM Partners said.

Amazon is more than just another company selling people toys, tools and t-shirts. Amazon Web Services has helped its parent company become better known as a technology company since its initial offerings arrived in 2006, and it's considerably more profitable than the company's core e-commerce business. As a result, AWS income has become central to Amazon's bottom line: AWS generated $2.

"AWS is growing to $45 billion, maybe $50 billion in revenue next year. Oracle is doing $41 billion," Kulkarni, who has a buy rating on Amazon stock, told CNBC in an interview on Tuesday. Analysts polled by FactSet currently see $45.76 billion in AWS revenue in the 2020 fiscal year, while the Refinitiv consensus for Oracle's 2021 fiscal year, which ends in May 2021, is $41.12 billion.

There is significance to Amazon displacing Oracle in enterprise software, whenever it happens. Oracle's relational database has long been a staple in large enterprises that have to store massive amounts of data, and Amazon itself had been a huge customer.AWS began competing more seriously in relational databases, with the launch of the Aurora service. And in 2016 Oracle introduced second-generation cloud infrastructure in an effort to challenge AWS.

Amazon meanwhile sought to cut its reliance on Oracle software and lean more on AWS' own offerings, and earlier this monthAWS has major customers including

Their “cloud” is just one of their offerings needs to be looked at as predatory and destructive in the monopoly side of things

Creepy glass eye laugh: muahahaha

Astonishing

JeffBezos REAPS the benefits of his suicidal employees! YAY AMERICA! What private island r Jeff & his girlfriend on today? HAVE FUN while ur employees are running to the bathroom to pee & running back 2 the assembly line 2 make ur life AMAZING! amazon

Amazon...

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oracle also won when Microsoft beat Amazon in the JEDI contract - Business InsiderOracle failed to derail the Pentagon’s $10 billion JEDI contract, but it still ended up a winner in Microsoft’s upset victory over Amazon
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon Will Make Amazon Fresh Free, Moving To Strengthen Its Lead In The Online Grocery MarketOn the heels of a costly bet on one-day shipping that took a big bite out of its profit, Amazon has taken its bid to hook Prime members up a notch: It just dropped the $14.99 monthly fee for the Amazon Fresh grocery delivery service. I think this is already a thing... Anytime soon in India too ?
Source: Forbes - 🏆 394. / 53 Read more »