Benioff, Salesforce's CEO, said Thursday that the nine-year deal would cut his costs for his database infrastructure in half.
But we just learned from JMP Securities analyst Pat Walravens that Benioff will still be paying a pretty penny to Oracle.
Walravens estimates Salesforce will pay $300 million over nine years for Oracle's database and other software and hardware.
Given the scope and size of Salesforce's operation, that seems like a good deal. As the largest software-as-a-service cloud, Salesforce.com processes 770 million transactions PER DAY, according to its status page.
For Oracle, that averages out to $33 million a year, which is a nice win for Ellison, too.
Here's more details on the deal and the other two big announcements Oracle made this week:
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