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Oracle Co-CEO Hurd On Tech Stocks, Trade Wars And The $10B Pentagon Cloud Contract

Oracle co-CEO Mark Hurd also discussed his company's acquisition strategy and the benefits of cash repatriation.

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U.S. Defense Department's Cloud Transformation Contract

We're obviously a big supplier to the federal government. And I think it would only make sense for the government to leverage its install base. Make sure they have a very fair, open competition. They take advantage of their existing suppliers. They have some of the biggest existing suppliers in the tech sector with billions and billions of R&D.

I'm sure they'll do it fairly on who can bring the government the furthest along, modernize and certainly at the same time save them money. The ROI in some of these situations in the federal government are just incredible just by simply consolidating and modernizing their existing install base.

I think we'll have to wait to see what the final RFP looks like. But we'll be very active in that process. There's been a lot of conjecture about what will be in it. A lot of guesswork. Let's let that process play out.

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