Oracle Chairman Larry Ellison says the company added 5,000 new trials for its latest cloud database. Here's what that means

Posted On: Jun 19, 2019   |   Posted By: Business Insider

Oracle Chairman Larry Ellison says the company added 5,000 new trials for its latest cloud database. Here's what that means

Despite a rough quarter characterized by layoffs, Oracle reported a solid Q4, beating Wall Streets expectations on both revenues and profits.
Chairman Larry Ellison says that the company has added over 5,000 new trials of the company's Autonomous Database this quarter.
A former Oracle salesperson tells Business Insider that there was a huge push for the sales team to get customers to try the database.
Those aren't paying cloud customers yet, but if interest in the new database remains high, it's a good sign.
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Despite a rough quarter characterized by layoffs, Oracle reported a solid fiscal Q4, beating Wall Streets expectations on both revenues and profits.
Oracle reported adjusted earnings of $1.16 per share, beating estimates by 9 cents. It reported revenue of $11.1 billion, beating estimates by $186 million, and up 1% over the year-ago quarter.
For the year, Oracle reported total revenue of $39.5 billion flat over the year ago revenue and GAAP earnings per...

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