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The Cloud

Oracle Shelves Larry Ellison’s Dream of Cloud Dominance

The company’s goal is no longer to dethrone Amazon Web Services but to remain competitive in databases and applications.

Larry Ellison, co-founder and executive chairman of Oracle Corp.
Larry Ellison, co-founder and executive chairman of Oracle Corp.Photographer: David Paul Morris/Bloomberg

Three years ago, Oracle Corp. Chairman Larry Ellison stood on a stage in San Francisco and pledged to catch Amazon.com Inc. in cloud computing.

“Amazon’s lead is over,” the billionaire technology mogul said during his company’s annual user conference, OpenWorld. “Amazon is going to have serious competition going forward.”