The Pandemic Boosted a Key Piece of Oracle's Business – But Is It Sustainable?
Long-term Oracle (NYSE: ORCL) shareholders will be the first to tell you that the company's pivot into cloud-based ERP solutions wasn't always the clear way forward for the company -- though it has become that, today. Shareholders have had to watch Oracle play second fiddle to on-premise ERP Solutions like SAP (NYSE: SAP) for years while the cloud-based ERP Market developed fully.
On-premise ERP options initially gained popularity because they ran on a company's internal servers and were implemented like your old-fashioned software installation. Many companies clung to the aging software until the pandemic changed the world.
The pandemic accelerated the transition from the siloed on-premise offerings to the cloud-based options as the autonomous databases, superior data visualization, and indexing/analytical functionalities suited a more digitized, impersonal economy much better than the on-premise options.
Source Fool.com
