Two long-time software rivals are teaming up to provide integrated cloud-computing services in the face of rising industry competition.
On Monday, Microsoft (MSFT) announced that it will feature database and web tool solutions from Oracle (ORCL) to corporate customers on its Windows Azure cloud platform. The partnership comes as Microsoft looks to expand online service revenue and Oracle is migrating toward a subscription cloud service model for its software, Bloomberg noted.
The decision marks another rapprochement between the two software giants, whose executives have routinely traded barbs over the last three decades. However, despite years of name-calling Oracle and Microsoft have also worked together before, integrating each other’s software tools when necessary.
Last week, Oracle posted quarterly earnings in line with Wall Street expectations, but fell short on revenue, sending its stock down sharply.
Shares of both Microsoft and Oracle climbed almost 1% in pre-market trading on Tuesday.