Oracle is known as one of the top companies in the cloud computing space. Over the past year alone the company has made many moves to solidify its spot, such as unveiling a new hybrid cloud service.

Larry Ellison has reason to believe that his company will be first to reach $10 billion in combined platform-as-a-service and software-as-a-service. During the company’s fourth-quarter earnings call he said, “We think we’re going to be the first one there.”

Competition is Hot

Of course, there is a big difference between saying and doing. Oracle is well on its way to this mark, but there are other companies, most notably Salesforce.com, that are growing at a fast rate.

Salesforce.com CEO Marc Benioff has made it clear to investors that the goal is to reach $10 billion in revenue. Furthermore, he said the company is closing in on that goal.

During the last quarter alone, SaaS alone generated $1.92 billion, which was an increase of nearly 30 percent year over year.

How does this compare to Oracle? During the same period, the company “only” generated $690 million in revenue for its PaaS and SaaS businesses. In other words, Oracle has some catching up to do.

While the battle between Oracle and Salesforce.com is one to watch, don’t overlook the fact that other companies, including Microsoft and Amazon, are also vying to become the first $10 billion cloud computing company.

In Oracle’s fourth quarter earnings release, Ellison told investors that he expects the “SaaS and PaaS hypergrowth we experienced in FY16 will continue on for the next few years.” If this happens, Oracle, among others, are in position to continue to grow at a rapid pace.

There is a lot going on in the cloud, with Oracle one of the many companies out in front. It’ll be interesting to see how things play out as 2016 comes to an end and the calendar turns.

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At this point, there’s no denying the fact that Samsung is a major player in the smartphone space. Going head to head with Apple, the company has proved it can hold its own.

But now, the electronics giant is looking to make another big move. With its recent agreement to purchase Joyent, Inc., a well known public and private cloud provider, Samsung is positioning itself to become a major player in the cloud computing services space.

At this point, Samsung has plans to keep Joyent as a separate business, however, it will be able to use its experience and service to boost its own cloud based performance.

Is this a Good Move?

While some feel that Samsung should focus on its core, which at this point appears to be the smartphone industry, others realize that this is an opportunity for the company to expand its offerings and position itself for future success.

With this purchase, the company now has a platform that can be used across its mobile and Internet of Things services.

From a financial perspective, it’s still unclear as to how much money Joyent will generate for Samsung.

Why Now?

There are many reasons why Samsung decided to make this move right now, with a decrease in smartphone shipments likely being the primary driver.

While smartphone shipments have fallen off, the cloud computing marketing is growing by leaps and bounds. If Samsung wants to stay ahead of the game, it only makes sense for it to bury more resources into this industry.

In the months to come, it will be interesting to see if Samsung is able to get its mobile business back on track. Even if it continues to stall, the company has a big opportunity to compete with the top players in the cloud computing services space.

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