Oracle CFO: don't need acquisitions to compete in clouds

Oracle Corp has all the pieces it needs to compete in cloud computing but is always interested in looking at compelling M&A opportunities, Chief Financial Officer Safra Catz told investors.

Speaking at Oracle’s annual investor day, co-founder and Chief Executive Larry Ellison also said the company is near to turning around its struggling hardware division, talking up Oracle’s high-end, proprietary computer hardware.

via Business feed http://www.scmp.com/business/companies/article/1054447/oracle-cfo-dont-need-acquisitions-compete-clouds