Ellison followed up on that prediction on Sunday, projecting Oracle will "sell more new business" in SaaS and PaaS than any other company around. More specifically, Oracle plans to sell at least 50 percent more than Salesforce, Ellison projected.
Yet, in a brief retelling of the cloud market over the last two decades, Ellison insisted we're really just in the "middle" of what is taking shape in the market, suggesting top players now have run rates upwards of $6 billion versus $100 million a few years ago.
The first cloud companies, like Workday and Salesforce as cited by Ellison, were cloud companies 15 years ago before "cloud" became the default catch-all category.
But it has been a decade since Oracle realized it would have to rewrite virtually all of its applications to run "as-a-Service," Ellison recalled, acknowledging more work had to be done, including retooling all of Oracle's middleware and databases.
But during that time frame, Ellison reflected on how the competition has changed too. The former CEO pointed toward Salesforce, Workday and Amazon Web Services as competitors at different layers in the stack.
But Ellison didn't mince words about two other industry stalwarts.
"We no longer pay attention to either one of them," Ellison said flatly about IBM and SAP, admitting it has been "quite a shock."
In some cases, Oracle is blatantly going head-to-head with its competitors. For instance, Ellison promised Oracle will always at least match -- if not outright beat -- Amazon Web Services on pricing.
AWS, much like Microsoft Azure and Google Cloud Platform, is famous for routine price cuts for cloud services throughout the year.
Nevertheless, Ellison also promised Oracle will never price higher than AWS.
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