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Can Oracle Retake Lost Market Share -- Or Is It In the Clouds?

Kevin Curran

is not being shy about making an offensive against upstart cloud players that have eroded its market share in recent years. Shares were rising on Thursday, largely on the idea that the company can go "back to the future" and regain a great deal of its formerly dominant market share, particularly in cloud enterprise resource management (ERP) and human capital management (HCM). CEO Mark Hurd said that overall ERP and HCM annualized software-as-a-service revenue is "up in the high 20%" with Fusion cloud apps providing a significant boost to bookings and revenue.