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CLAIM #47089 · ORCL (ORCL) · 2022Q1 earnings call · Sep 13, 2021 · due May 31, 2022

We've now made the migration and that should just grow steadily as demand for those systems increases.

Lawrence Ellison · Chairman and CTO

PENDING
graded after results covering May 31, 2022 are reported

In context

ications. So for us, I have to say that there is just incredible momentum and commitment from our – from prospects and customers and for companies who have been on-premise either with our products or historically with SAP where they just can't continue like they did. Lawrence Ellison: Yes, I'll add. Your question about services, we have pretty much made the migration away from on-premise implementations where all of our staff is focused on cloud implementations. And during that transition, every time we go through one of these transitions, it looks like something isn't growing or worse yet something is shrinking. Well, in this case, the on-premise stuff went down until it almost went away. And basically all of the implementation services you see for applications are cloud implementations. We've now made the migration and that should just grow steadily as demand for those systems increases. We really don't have a lot of competition. That's the understatement of the year in cloud ERP. I'd love to know who the competitors are. SAP doesn't have a product. When we – we're in a competition with the SAP right now and we've just gotten – we just found out, we're vendor of choice and their big thing was SAP doesn't have a cloud product. They have hosting. They're willing to put a custom computer in Amazon and just build a specialized version for the customer. That's not the cloud. We update our applications every three months, the entire fleet of 8,000 Fusion customers are updated every three months. The entire fleet of 28,000 NetSuite customers are updated every six months. You get SAP, they install it and then they probably will update it again five years now. It's an on-premise s

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SEC filings for ORCL · Claim quote is verbatim from the 2022Q1 earnings call.