00:00 Speaker a
Not everyone fully understands what Oracle does. As shareholders and followers, why not take a moment to photograph a collie here? What does Oracle do? How did they make money and how did the company evolve?
00:30 Cory
That's a great question, as it's really changed for at least 10 years. And I think the company was talking about a lot and there were a lot of skeptics. I was one of them when they talked about the transition from licensing software to cloud UH over the years, facing the many attention that our competitor, Salesforce UH, was getting. And well, there was criticism that this is really cloud revenue, or that they really put everything together here.
01:05 Cory
Well, all we can see is that they embraced it as much as they've done this. Their cloud business is amazing. Their cloud business has a different side to it. So yes, it is software and software provided as a service. It is also an infrastructure that uses data centers. Well, the infrastructure of services is a big business for them and for something that is growing so wonderfully. Um, you have it this amazing graphics they have $3.3 billion in infrastructure as service revenue
01:39 Cory
In addition to software as a $3.8 billion service revenue. And that's a change in the way they used to manage the software. However, the software business became Oracle's core since the earliest times of the 1970s. Yes, in the 70s, um, now I take the back seat from a careful perspective. It certainly grows what they do with their infrastructure, what they do.
02:08 Cory
We trimmed it to make sure they had the right product that is a very small business, but it was incredible business for them that the rental and data center construction was completely embraced to the point where they could claim they were there among the leaders building these data centers for their customers.
