"Yes, we have a hardware business. Yes, we have a services business. But at the core, Oracle is a software company," said Ken Bond, investor relations vice president, early in the presentation. "Software drives earnings for Oracle. Almost 90 percent of margin is driven by software."
Oracle acquired Sun Microsystems and its hardware product lines in 2010, and some of that hardware today is the foundation for Oracle's Engineered Systems line. Throughout the session, however, Oracle executives hammered home the point that those systems are platforms for Oracle's software products.
"Our entire intention with Engineered Systems is to package solutions for our customers so that they become the best way to implement our systems, our software," President Safra Catz said.