Oracle hosting of cloud services improves company's financial standing

According to Bloomberg, software manufacturer Oracle is now reaping the rewards of producing high-end software for use in cloud computing systems. The company saw substantial returns on the acquisition of this technology in 2010 from Sun Microsystems Inc., which eventually lead to a 29 percent increase in sales of its licensed products.

This substantial business growth by Oracle happened despite the fact that the software giant was late to adopt the cloud, according to InfoWorld. The media outlet states that the public itself is moving to services to the cloud, and because Oracle is solidly ingrained as a leader in software infrastructure, cloud users will ultimately use the manufacturer's products in cloud computing. The company's shift was heralded by many as inevitable.

The business gains for Oracle are measurable in the billions of dollars. As InfoWorld reports, Oracle's sales resulted in $8.7 billion in revenue last year, and much of this increase is due to the cloud phenomenon. This represents an industry trend of quality manufacturers embracing the cloud based on widespread public acceptance of the remote computing, and software giants are taking note by producing more high-end software products to answer this growing demand.