SAP is facing challenges as they have not modernized their applications for the cloud, which presents us with a unique opportunity to capture market share in ERP and CRM solutions.

We're launching a comprehensive cloud platform that includes platform as a service and a complete suite of applications, which will be available on our Exadata machines, providing customers with more control and security.

The shift from traditional software to SaaS was driven by the realization that sophisticated enterprise applications could be effectively delivered over the cloud.

We leveraged early cloud infrastructure and open-source software to manage costs effectively, even before major cloud providers like AWS existed.

The cloud is a giant revolution, and everything in the enterprise is moving so fast; we will likely end up with just a few major cloud providers.

To keep our company hungry, we focus on the competition with giants like Adobe and Salesforce, which prevents us from getting complacent.

We believe there's a significant opportunity to outperform IBM in the server market, particularly with our Exadata systems, as we have already surpassed them in software and database solutions.

We're taking a systems approach to optimize the entire infrastructure stack, ensuring the lowest cost and highest scale for building cloud and AI workloads.

Our cloud technology allows customers to run their applications in their own virtual machines, offering greater security and control compared to traditional multi-tenancy models.