Oracle will this week lay out plans to move deeper into the cloud-computing market, as Wall Street worries that the US software company’s traditional business is being disrupted by a technology transition that is bringing a new wave of start-ups to the fore.
The announcements are set to include partnerships with Microsoft and Salesforce.com, two of Oracle’s biggest rivals, in a sign of how extensively the upheaval caused by the move to cloud computing is changing the tech landscape.
Oracle’s shares fell more than 9 per cent on Friday after it revealed that growth in its sales of new software licences had all but stalled. Claims by Oracle executives that macroeconomic issues had caused the shortfall were widely dismissed.
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