- Amazon (NASDAQ:AMZN) and Salesforce (NYSE:CRM) want to move away from Oracle (NYSE:ORCL) software and towards an open-source database software, according to The Information sources.
- Why leave Oracle? One part financial and one part the company picking fights with its customers including notable slams against Amazon Web Services, which competes with Oracle’s cloud product.
- Salesforce wants to develop its own software while Amazon turns to NoSQL.
- In the December earnings call, Oracle co-founder Larry Ellison said Amazon would continue to “buy Oracle technology to run their business” and said Amazon had spent $50M on software that quarter.
- Amazon shares are up 1.2%.
- Salesforce shares are up 1.7%.
- Oracle shares are down 0.9%.