Larry Ellison says Oracle’s new database is pulling firms away from Amazon Net Providers (ORCL)

Oracle founder and CTO Larry Ellison mentioned Oracle's new cloud database has almost 1,000 paying clients. The corporate additionally mentioned there are almost four,000 trials of it occurring at different firms. Ellison mentioned that the all-important product, representing the tech titan's cloud ambitions, was "probably the most profitable introduction of a brand new product in Oracle’s forty yr historical past."  And he mentioned one buyer that ditched arch-rival Amazon Net Providers in favor of Oracle. Oracle founder and CTO Larry Ellison has been speaking up his newest, best database for a few years now — however on Thursday the corporate gave an replace as to how effectively the not too long ago launched cloud model is promoting. Oracle calls this product the Autonomous Database, as a result of it mechanically applies safety patches and "tunes" itself to enhance efficiency. The database was first introduced in 2017, however a brand new service that Oracle calls Gen2, which presents the database in Oracle's cloud together with a bunch of particular safety features, was introduced in October. As a part of the corporate's FY 2019 third-quarter earnings report, Ellison mentioned on Thursday that the database now has almost 1,000 clients, and is present process four,000 person trials elsewhere.  "It’s early days, however that is probably the most profitable introduction of a brand new product in Oracle’s forty yr historical past," Ellison mentioned. He additional defined on the quarterly convention name with analysts that the database is essential to Oracle's future. "Oracle's future rests on two strategic companies: cloud purposes and cloud infrastructure," he mentioned. Learn: How Oracle inadvertently helped Nvidia spend $6.9 billion to win a deal away from Intel Thus far, most of Oracle's cloud income relies on its cloud purposes enterprise, which incorporates its monetary purposes (often called enterprise useful resource administration, or ERP) and its HR apps (identified within the enterprise app world as as human capital administration, or HCM). However the brand new database is the lynchpin of the "cloud infrastructure" piece, Ellison says, and it's how the corporate plans to tackle cloud mega-giant Amazon Net Providers. AWS presents its personal cloud databases, together with Aurora and Redshift, and has been very intentionally concentrating on Oracle's clients — going as far as to construct a instrument that makes it straightforward to change your database from Oracle to AWS.  Ellison is prepared for the struggle. Touting higher safety and quicker efficiency is how Oracle is making an attempt to woo firms to signal on with its cloud, and never defect to Amazon. "Our infrastructure know-how is extremely differentiated from AWS. Every one in all our cloud computer systems has a separate safety processor and reminiscence to insulate clients from intruding upon one another," he mentioned on the decision. Ellison likes to say that this velocity and energy will save clients cash. AWS executives counter that their databases work higher for a way clients are literally constructing their software program within the cloud. Certainly, Amazon likes to trash discuss Oracle's enterprise mannequin and its therapy of its clients. On the Thursday analyst name, Ellison mentioned one buyer, a college that he did not title, which ditched AWS for Oracle's cloud and database. "We have got one clients who's executed a collection of exams. They have been AWS customers. We have got these AWS advertisements that promise 'lower your payments in half.'  They discovered we're working 11.5 occasions quicker than they have been working on AWS they usually lower their invoice by 80%," he mentioned. This was a college working an app that used machine studying and pc imaginative and prescient to have a look at tissue samples and cells for most cancers. So, its price noting, that is not a typical manner to make use of a database, in contrast with, say, storing lists of worker info or gross sales transactions. This sunny view of Oracle's vital database product was a part of Oracle's third quarter earnings, which provided a wholesome beat on income and earnings versus Wall avenue estimates.  Oracle reported income of $9.61 billion, down by 1% from the year-ago quarter, that beat expectations by $20 million. Non-GAAP earnings per share was 87 cents, beating expectations by three cents. GAAP EPS was 76 cents. Oracle not breaks out its cloud income so it is troublesome to see how that all-important enterprise is doing by way of gross sales. Administration mentioned "double digit" progress charges, which might be table-stakes progress for a corporation reworking itself from an old-school software program maker to a cloud firm. Be part of the dialog about this story » NOW WATCH: The wives of high-level cocaine traffickers reveal how their husbands took down 'El Chapo'