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Mark Hurd's 10 Most Provocative Statements At Oracle Media Day

Oracle CEO Mark Hurd spoke with reporters about his company's plans for leveraging its SaaS business to seize B2B market share in an imminent wave of massive business software consolidation.

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B2B Tech Spending Won’t Directly Follow Economic Growth 

When you get to over 3 percent growth in GDP, generally tech should benefit from that. I do think most of what tech has benefited from has been in consumer tech as opposed to business-to-business tech.

Business-to-business tech is still very focused on trying to do a better job, taking care of technical debt that has built up over not just years but decades—trying to clean up its back-office systems so they talk to each other, and trying to clean up their front-office systems so they talk to the customer and do it seamlessly and deliver services.

So, I do think it’s a better economic environment. I don’t think we necessarily would take that GDP increase in growth and translate it necessarily into an exciting increase in B2B spending.

 
 
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