Press Release

Oracle CEO Mark Hurd Predicts the Future of Enterprise Cloud in Oracle OpenWorld Keynote

Oracle OpenWorld, San Francisco, Calif.—Oct 2, 2017


Today, Oracle CEO Mark Hurd made cloud predictions and discussed the future of business. Oracle customers Bloom Energy, FedEx, and Gap joined Hurd on stage to share how Oracle Cloud innovations are making their businesses more agile, efficient and profitable.

Hurd’s key predictions for 2025:

  • 100% of application development and testing will be conducted in the cloud.
  • 80% of production apps will be in the cloud.
  • 80% of IT budgets will be spent on cloud services.
  • 80% of IT budgets will be spent on business innovation, and only 20% on system maintenance.
  • All enterprise data will be stored in the cloud.
  • Enterprise clouds will be the most secure place for IT processing.

Hurd reinforced the success of Oracle’s cloud strategy to build the applications, platform and infrastructure that will enable customers to either move to the cloud or start in the cloud. He highlighted the significant expansion of Oracle Cloud, noting that in the last five years, Oracle released 3,500+ SaaS services and 125+ PaaS services making Oracle the most complete cloud in the industry.

Quotes from Mark Hurd’s keynote:

  • “It’s important to have great apps, but great apps that work together, the most complete suite of PaaS services and the next generation of infrastructure as a service that all work together to complement each other,” Oracle CEO Mark Hurd. “That’s what we’ve built out, and that’s what we now have.”
  • “We are trying to figure out ways to deliver more functionality and to support what we need to do with the business and be more nimble, but at the same time, reduce our costs,” said Chris Wood, Vice President, Business Services & Transformation, FedEx Services. “And Oracle Cloud is a big part of that.”
  • “With Bloom, we help customers pay as they grow,” said Randy Furr, Bloom Energy CFO. “And this is very much akin to the Oracle Cloud. Now Bloom, from the early days, we’re the largest fuel cell provider out there. We’ve kind of had to create an industry. And we’ve been fortunate in that we picked early the Oracle ERP, EPM, and Supply Chain, and it’s helped us grow and scale our business. And I want to thank Oracle; they’ve been a great partner.”
  • “I have never seen such a thought leadership, a collective wisdom, and the drive to accomplish what we have accomplished this year,” said Paul Chapman, Gap CIO. “And that is the delivery of Oracle Retail to the Cloud.”

Contact Info
Deborah Hellinger
Oracle Corporate Communications
+1 212-508-7935
deborah.hellinger@oracle.com
Jessica Moore
Oracle Corporate Communications
+1 650-506-3297
jessica.moore@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

About Oracle OpenWorld

Oracle OpenWorld, the industry’s most important business and technology conference for the past 20 years, hosts tens of thousands of in-person attendees as well as millions online. Dedicated to helping businesses leverage Cloud for their innovation and growth, the conference delivers deep insight into industry trends and breakthroughs driven by technology. Designed for attendees who want to connect, learn, explore and be inspired, Oracle OpenWorld offers more than 2,500 educational sessions led by more than 2,000 customers and partners sharing their experiences, first hand. With hundreds of demos and hands-on labs, plus exhibitions from more than 400 partners and customers from around the world, Oracle OpenWorld has become a showcase for leading cloud technologies, from Cloud Applications to Cloud Platform and Infrastructure. For more information; to register; or to watch Oracle OpenWorld keynotes, sessions, and more, visit www.oracle.com/openworld. Join the Oracle OpenWorld discussion on Twitter.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. Fees apply for new Database product offerings.

Statements in this article relating to Oracle’s future plans, expectations, beliefs, and intentions are “forward-looking statements” and are subject to material risks and uncertainties. Such statements are based on Oracle’s current expectations and assumptions, some of which are beyond Oracle’s control. All information in this article is current as of October 2, 2017 and Oracle undertakes no duty to update any statement in light of new information or future events.

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Talk to a Press Contact

Deborah Hellinger

  • +1 212-508-7935

Jessica Moore

  • +1 650-506-3297