While Wall Street may wish to focus on the revenue miss, the overall report suggests this was a good quarter regardless. Likewise, Wall Street continues to overlook that Oracle understands its market better than its rivals. Though the popularity of the software as a service (SaaS) business has propelled Salesforce.com and others to new heights, it seems many continue to dismiss Oracle's dominance within that space.
Although competition from IBM (IBM), Microsoft (MSFT) and SAP (SAP) certainly exist, Oracle has been able grow its cloud products such as Exadata, Exalogic and Exalytics by 100% during the quarter. These will be the major drivers of the company's growth for many years to come.
Also working in Oracle's favor now and in the foreseeable future is the rate at which companies are accumulating "big data" as they strive to position themselves for cloud efficiency.This places Oracle at an advantage above its rivals because of its dominance in the area of analytics or data manipulation. These are areas where it competes effectively with F5 (FFIV) and EMC (EMC).