On whether Oracle has taken too long to develop its cloud business:

Our industry is a couple trillion dollars of spend, half of it's consumer, half of it's everybody's-not-a-consumer companies. Of that trillion dollars of spend, it's hard to get to even $50 billion of it yet in the cloud, so as a percent of total enterprise spend, it's still relatively small. So, if someone asked me a baseball analogy, I would say we're in the first inning.

That said, the cloud revenue, albeit small compared to the enterprise revenue, is growing roughly 50 percent a year. [The] traditional on-premises world is in decline. So, if you look at our numbers, we're doing awfully well.

We're roughly at a $5 billion-plus run rate. We've talked about getting to $10 billion shortly given the growth rate we've got.