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CLAIM #47109 · ORCL (ORCL) · 2022Q2 earnings call · Dec 9, 2021 · due Dec 9, 2022

and we are on schedule to deliver zero downtime upgrades. So it won't be long now when our customers move to the new version, there will be no downtime.

Lawrence Ellison · Chairman and CTO

PENDING
graded after results covering Dec 9, 2022 are reported

In context

product. You make all the same modifications you used to make by hiring people and customize. That's not the new model. That's not how it works in a real cloud system. That's a fundamental and every time they go in and modify the system, what if they make a mistake? What if they have a bug? That's going to make the system less reliable and more expensive, potentially slower. That doesn't happen with real cloud systems. We, the vendor, are responsible for enhancing it and testing it on a regular cadence and responding to their requirements and delivering things to them in months, not years. We are also on schedule to deliver some unprecedented new technology. We won't be long before when our customers upgrade every three months, they upgrade. And sometimes they are down for an hour or so, and we are on schedule to deliver zero downtime upgrades. So it won't be long now when our customers move to the new version, there will be no downtime. Nobody else has this. Nobody else is working on. And soon all of our applications will be on the autonomous self-tuning Maximum Security database. I've said this before, what's the most important thing about the Autonomous Database? The money you save because there's no human labor. No actually, the money is good – the money you have to save is no human labor is good. But no human labor, no human errors, no security risks, no stolen data. Almost all of the – not all, but almost all of the data that's been hacked out of other clouds has been hacked because some human being made a mistake, left a port open, created a vulnerability. You can't do that with the Autonomous Database because human beings don't touch it. It’s just like a self-driving car is safer than a car driven by human being,

Verify independently

SEC filings for ORCL · Claim quote is verbatim from the 2022Q2 earnings call.