Mark Hurd, Co-CEO of Oracle has stated that the company plans to move 95% of its products to the cloud by October.
Currently, the company has around 65% of its products available in the cloud but in an interview with Bloomberg, Hurd said that it would be moving at a fast pace to move the bulk of its products to the cloud.
Hurd, said: "We are still investing, very much in our traditional products. But that said, we are moving those products to now be available in the cloud at a really incredible pace."
In the last quarter, Oracle reported that combined sales in its cloud software, infrastructure and PaaS businesses were $527 million, this represented a growth of 29% from the previous year.