Oracle co-CEO Safra Catz is set to join the executive committee of U.S. President-elect Donald Trump’s transition team, according to a report by Reuters this week.
Oracle spokeswoman Deborah Hellinger told Reuters that Catz will remain at Oracle in the process.
Catz was one of the executives that met with Trump in New York earlier this week. The other participants included Amazon’s CEO Jeff Bezos, Facebook COO Sheryl Sandberg, Alphabet’s Larry Page and Eric Schmidt, Intel CEO Brian Krzanich, Microsoft CEO Satya Nadella, Cisco Systems CEO Chuck Robbins, Apple’s Tim Cook, Palantir Technologies Inc. CEO Alex Karp and IBM CEO Ginni Rometty.
"This is a very important meeting," Catz said prior to the meeting, according to Bloomberg. "Better trade deals are tremendously important to us. We are net exporters. Over 60 percent of our sales are overseas. So better trade deals are very much in our interest."
On Thursday, Oracle announced its second quarter earnings, which showed solid growth in cloud services. Oracle says that cloud software as a service (SaaS) and platform as a service (PaaS) revenues were $878 million, up 81 percent in U.S. dollars and up 83 percent in constant currency, while total cloud revenues, including infrastructure as a service (IaaS), were $1.1 billion, up 62 percent in U.S. dollars and up 64 percent in constant currency.
"Oracle has now passed salesforce.com and become number one in SaaS cloud applications sales to customers with over 1,000 employees according to the latest IDC report," Oracle CEO, Mark Hurd said in a statement. "In other words, this year we are selling more enterprise SaaS than any cloud services provider in the world. We expect to book over $2 billion in new annually recurring cloud business this year alone. And, with the acquisition of NetSuite, we plan on being the #1 cloud applications service provider for companies with less than 1,000 employees as well."
IBM CEO Rometty also serves on a panel of CEOs advising Trump on business and economic matters, Bloomberg says.
Ahead of the meeting, Rometty said that IBM would hire 25,000 people in the U.S. and invest $1 billion over the next four years. In November, Rometty penned an open letter to Trump that made a number of suggestions for his administration, including focusing on infrastructure investments that incorporate Internet of Things and artificial intelligence to improve performance, and using data to save the government more than $1 trillion.