YouSaid · the spoken record

Mark Hurd

lines on the record: 65
first: 2017-06-19
most recent: 2017-06-19
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Well, I think anytime you try to get any of these processes, particularly in a big company that's had success, these processes, as much as I like to pretend were as nimble as they come, just like a startup, we're not. I mean, we're big. And we've got processes in place that, frankly, as you move from this world to the new world, the new world being in cloud, don't have, I'll give you one example. The way we write contracts, we historically used to write contracts with big companies, and the contracts were big contracts. Now we're going to do a contract with a company that's a startup. We're going to go contract with Lyft.”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT
“You doing this? But we did it quickly. We increased the size of our sales force. We actually changed the way who they called on, changed the way we paid them. I could go on. And we did all of this stuff simultaneously, which you can imagine causes a lot of ripples in a big company, particularly a big global company. Our strategy was to start with let's do this right, but let's do it right and do it as fast as we can do it right and get this behind us. And that's what we've done.”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT
“Well, I'll be honest with you, the quickest innovators, if you look at history, are those companies that historically innovate and those that are in deep trouble. Because I have to. In our case, you could have made the argument we don't have to. Let's just keep doing what we're doing longer. We made the decision to go at this hard three or four years ago in changing virtually everything in the company. We built all of our, we made the decision to build all of these global data centers to deploy this technology and to do it fast. We invested incremental R&D. I mean, our R&D six years ago was $3.7 billion. It's now over $5 billion. I can tell you there are many people, particularly investors, that say,”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT
“Well, I think any company that's got, and I think you said it right, we're a company that's had great success. And it's hard to move actually companies that are winning and getting winning companies to change. It's actually harder to change them than companies that are losing that have to change.”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT
“And in our database business, we're growing mid single digits, which is more than the market's growing. And again, a lot of incremental growth coming from database as a service. So we're focused on how we do in the applications business overall, how we do in the database business overall, and most of that growth because of customer choice is now coming from the cloud.”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT
“They're getting pretty close. I mean, if you look at our company, we're circa $40 billion in revenue. You've talked about sort of where we are in our cloud performance. If you looked at the company a little differently and just looked at our applications business, forget whether it's in the cloud or on premise, the applications market, I would guess, is growing 1% through the people in the room that could give a guess, but I'm sure I'm close. Our applications business is now growing double digits. all of that growth all of that growth is coming from the cloud”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT
“So, this has been nine, ten years. And by the way, this idea of moving apps to the cloud, if you went back to NetSuite when Evan Goldberg founded NetSuite with Larry, this was an idea before there even was the term cloud. So this idea is not a new idea. We started on this, like I said, about 10 years ago, and it was really to get a best of breed suite of applications and then bring them together as a suite of products. The next thing to do was to really get the platform right.”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT
“Our progress, yeah, your performance. Well, I mean, listen, like anything, we assess our performance and numbers. We could talk a lot, but it's a lot better when we have results. Our view was we went after this hard, but we went after it with a very discrete strategy, which was we were working on apps. This company was working on apps moving to the cloud before I got here”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT
“So at the infrastructure layer, basically compute and storage, you would have somebody like Amazon. If you went to the application layer, which would be called SAS, by most people, you'd have companies like ourselves, you'd have Salesforce, you'd have others that provide applications as a service. There's a second tier called platform as a service. Platforms are basically everything that's not an application or not compute or storage. We in Microsoft would probably be the two most complete platforms. Microsoft would have Windows.NET, SQL Server, we'd have Linux, Java, the Oracle database. So those would be the two probably most dominant platform companies. And then if you went to the infrastructure layer, you've got, as I said, Amazon, Google, to a degree, although not quite as scaled at the enterprise layer. You'd have people like ourselves and Microsoft.”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT
“We're roughly at a $5 billion plus run rate. We've talked about getting to $10 billion relatively shortly given the growth rates we've got. I would say that all of these companies described in the same bundle, but they all really do different things.”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT
“But it's just one analogy. Now, that said, the cloud revenue, albeit small compared to the enterprise revenue, is growing roughly 50% per year. So it is beginning to compound. And the traditional on-premise world is in decline. So, in that context, now you look at our numbers, we're doing awful well. We're gaining a lot of share. We're gaining a lot of share relative to those cloud vendors with the growth rates we put up over the past couple years.”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT
“Let's talk about the industry overall character. So I think it'd be probably interesting to get some context. Our industry is a couple of trillion dollars of spend. Half of it's consumer, half of it is everybody who's not a consumer company. Of that trillion dollars of spend, it's hard to even get to 50 billion of it yet is in the cloud. So as a percent of total enterprise spend, still relatively small. So if somebody asked me a baseball analogy, I would say we're in the first inning of a...”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT
“ATT and we'll work together collaboratively as we migrate those databases to the Oracle Cloud. It'll be very exciting. We also announced Oracle applications that AT&T will take advantage of. We highlighted one specific one, which was our field service. AT&T has got roughly 70,000 technicians. And that process will all be automated with an Oracle field service application.”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT
“I think most people are familiar with ATT as a company. Obviously, they do a lot, particularly in this country. Big company, they've been a customer a long time. They have actually care a lot of data. I talked a little bit this morning. I think they have in excess of an exabyte of data, which if you ask how much is just a lot. And they have it in a lot of Oracle databases. And some of those Oracle databases are actually really big Oracle databases. And so what we've come to is an agreement to really bring all the benefits of our cloud.”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT
“We call it Media Day, Kara. I mean, it really is an opportunity for us to try to give people some context to what we're doing. Right. How we're doing a little bit about our industry. We had a panel with some of our customers, and again, an attempt to drive familiarity with our strategy and our direction.”
2017-06-19 · Decoder with Nilay Patel · Recode Decode: Mark Hurd, co-CEO, Oracle · IDENTIFIED FROM THE TRANSCRIPT