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The Information: Amazon, Salesforce seeking Oracle alternatives

Published 01/02/2018, 11:17 AM
© Reuters.  The Information: Amazon, Salesforce seeking Oracle alternatives
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  • Amazon (NASDAQ:AMZN) and Salesforce (NYSE:CRM) want to move away from Oracle (NYSE:ORCL) software and towards an open-source database software, according to The Information sources.
  • Why leave Oracle? One part financial and one part the company picking fights with its customers including notable slams against Amazon Web Services, which competes with Oracle’s cloud product.
  • Salesforce wants to develop its own software while Amazon turns to NoSQL.
  • In the December earnings call, Oracle co-founder Larry Ellison said Amazon would continue to “buy Oracle technology to run their business” and said Amazon had spent $50M on software that quarter.
  • Amazon shares are up 1.2%.
  • Salesforce shares are up 1.7%.
  • Oracle shares are down 0.9%.
  • Now read: Amazon's Insane Investment And Celebrity ICOs - A Rangeley Capital Discussion


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