Oracle has informed a federal court that it is settling a lawsuit in which a former employee had charged that she had been terminated from her job for refusing to go along with accounting principles that she did not consider lawful.
In a joint submission Wednesday to the U.S. District Court for the Northern District of California, lawyers for Oracle and the former employee, Svetlana Blackburn, asked to vacate a case management conference scheduled for Thursday, while submitting a notice of settlement to notify the court “that the lawsuit has been settled in principle, and to request thirty (30) days in which to file a dismissal.”
The lawsuit had drawn interest amid concern that companies could be dressing up their cloud revenue in a highly competitive environment. Gartner, for example, warned in December 2015, that “assessing vendor cloud revenue claims has become more challenging, with many vendors’ IT-related businesses being complicated and nuanced.”
World’s largest business software company to aggressively shift its business paradigm about cloud computing services from fad to futuristic.
GreatResponder.com Oracle corporation gave very clear cues during OpenWorld Conference organized by the company in San Franscisco. Many executive level participants of the company and its partners along with the CEO of Oracle Corporation have clearly advocated the aggressive approach toward cloud computing.
It is very important to note that, a few years back, the company coined a term ‘fad’ about the cloud computing buzz, but now it is falling in love with the cloud computing solutions. The company is aggressively focusing on the artificial intelligence and super fast speed cloud based services fully optimized for the oracle software platforms.
In a direct onslaught on Amazon web services, the CTO of Oracle corporation Larry Ellison said that AWS was over 20 years behind the Oracle cloud platform in terms of many features and optimized performance.
In his official statement, Larry Ellison said, “Amazon Web Services are simply not optimized for the Oracle Database. I’ll go further than that: Amazon Web Services aren’t optimized for their own databases either, as you will see.” While talking about comparative analysis of the innovative approach and service optimization of both Oracle and AWS, he said, “Amazon services will not get better, but they will get worse”. He further said, “Oracle cloud is 24 times faster for analytic workload, 8 times faster for OLTP workload, 105 times faster for oracle database than the Amazon web service platform.”
While talking about the artificial intelligence in the cloud, Diane Bryant from the Intel Corporation, which is the partner in the Oracle’s pursuit towards artificial intelligence platforms in the cloud, said in her statement, “Cloud computing is a fundamentally more efficient way to deliver all kinds of machine-learning services. It’s now cost-feasible to store and compute massive amounts of data, which is allowing for many of the advances we’re currently seeing in artificial intelligence.” She further said, “Data is the game-changer. It is the differentiator for business. AI is all around us, not just in science fiction, and it is transforming the way businesses operate”.
It is very imperative to note that Oracle has recorded huge growth in the cloud revenue earlier this month, which is a very encouraging sign for the company to aggressively focus on this powerful domain of business in the future.
SAN FRANCISCO — Oracle kicked off its annual user conference here today with news of an acquisition and an announcement that it’s plotting to slice off a piece of the cloud services market for itself. Oracle is buying Santa Clara, Calif-based Palerra, a cloud security startup that helps organizations
Oracle’s intentions for the future of Java EE have been cloudy, to say the least.
Rumored to have put the project on the back burner, Oracle has weathered a storm of complaints over its stewardship of enterprise Java, with two separate organizations considering plans to move Java EE forward without Oracle. Rather than let Java EE wither, Oracle is instead looking to reboot the platform to better accommodate where enterprises are headed, particularly to the cloud, said a high-ranking Oracle official in response to recent criticism.
In an exclusive interview this week, Oracle’s Thomas Kurian, president of product development, emphasized ambitious intentions to modernize the server-side platform, for which Oracle is gathering feedback now.
A senior finance manager in Oracle’s cloud business has complained to a federal court that she was terminated from her job because she refused to go along with, and threatened to blow the whistle on accounting principles that she considered to be unlawful.
In a complaint in the U.S. District Court for the Northern District of California, Svetlana Blackburn has stated that her superiors instructed her “to add millions of dollars in accruals to financial reports, with no concrete or foreseeable billing to support the numbers, an act that Plaintiff warned was improper and suspect accounting.” The former employee is said to have warned her supervisor that she would blow the whistle if ordered to proceed further in the same manner.