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Outside the Box: Oracle is being unmasked as just a pretender in cloud services

Just over two years ago, Larry Ellison declared that Amazon’s lead in cloud services was over and that Oracle would offer it greater competition. Last month, Ellison, Oracle’s chairman and chief technology officer, doubled down and said the company’s future will be determined by the success of its Cloud ERP SaaS Service and its Autonomous Cloud Database offerings.

However, Oracle’s ORCL, -1.19% results as an emerging leader in the explosively growing cloud market are far from convincing, and that is a worrisome sign for the company’s future.

While Ellison has talked confidently, the market is telling a different story.

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