Oracle Says 95% of Its Services Will Be Cloud-based This Year

According to Oracle’s CEO Mark Hurd the company plans to make all its software products available as cloud services. Consumers can expect being able to subscribe to their services by the end of the year.

These news had been revealed in an interview with Bloomberg this past Thursday. The launch of the cloud-based services will be right at the time where Oracle hosts their annual open world conference.

As of now, about 65% of Oracle’s services are available as cloud services. By October this number will be up to 95%.

With that move, Oracle goes in a similar direction as competitor Microsoft. Microsoft too expanded its datacentre infrastructure in the last two years in an attempt to transition from a business that sells software to one that rents out applications in the cloud.

Another company that is focusing at cloud services, along with Microsoft and Oracle is Adobe.