CAPITAL THEUB IN OF COMPANIES
THAT CAN DO THAT ARE ACTUALLY
ARE FEW.
MARIA: TAKE US AROUND THE
WORLD GIVE US YOUR SENSE OF
WHERE THE ECONOMY IS RIGHT
NOW.
YOU KNOW THERE IS A NARRATIVE
GOING AROUND RIGHT NOW THAT
WHILE WE ARE EXPECTING GOOD
GROWTH IN THE U.S. THIS YEAR,
2.6, 2.7% GOING TO DROP DOWN
TO ONE 3/4 PERCENT IN 2019 SO
WHAT ARE YOU EXPECTING FROM
U.S. AS WELL AS SOME OTHER
GROWTH MARKETS ACROSS THE
WORLD THAT YOU ARE IN?
>> WELL IF YOU WANT ME
RELATIVELY QUICKLY WOULD I SAY
U.S. PRETTY STRONG I THINK IN
U.S., MID MARKET, FOR EXAMPLE,
OUTSIDE FORTUNE 500 PEOPLE ARE
INVESTING IN PROJECTS THAT
MAKE SENSE, I THINK BIG
COMPANIES ARE -- ARE INVESTING
AS WELL I THINK IF YOU HAVE
GOOD PROJECTS TODAY, FOUR,
FIVE YEARS AGO I HAD TO HAVE A
12 MONDAY HORIZON IN TERMS OF
PLAYBACK YOU SEE THAT
LENGTHENING A BIT U.S. ECONOMY
IS GOOD, I THINK WHEN YOU GO
TO EUROPE MORE MIXED BAG
DEPENDS WHAT SECTOR YOU ARE IN
BANKING SECTOR IN EUROPE HAS
CHALLENGES OF COURSE THAT IS
ONE OF THE BIGGEST SECTORS IN
EUROPE, EUROPE A BIT MIXED,
LATIN AMERICA, OF COURSE, HAD
BEEN VERY STRONG BRAZILE AS
BAD AS IT WAS I BELIEVE
BEGINNING TO RECOVERY A BIT,
ASIA OAK I WOULDN'T SAY
EXCITING BUT SAME OVER THE
PAST -- COUPLE YEARS, SO I
THINK THE ECONOMY IS -- IS
OKAY.
IT IS JUST HARD TO GENERALIZE
BASED ON COUNTRIES AND
INDUSTRIES BECAUSE A LITTLE
BIT DIFFERENT IN EACH.
IF I HAD TO GENERALIZE THAT IS
HOW WOULD I DO IT.
>> THE JOBS PICTURE WE HAVE
APRIL JOBS' REPORT OUT ON
FRIDAY, WEAKER THAN EXPECTED
NUMBER OF JOBS ADDED TO THE
ECONOMY.
BUT YOU KNOW, THIS MARKET
SEEMS TIGHT A NUMBER OF PEOPLE
ARE NOTICING LABOR SHORTAGES
DO YOU FEEL THE MARKET RIGHT
NOW IS GETTING TIGHT IN TERMS
OF YOU FINDING THE PEOPLE THAT
YOU NEED TO PUT INTO THE JOBS
AVAILABLE?
>> WELL, TO GIVE YOU A QUICK
ANSWER I THINK -- WHICH I KNOW
YOU WOULD LIKE I THINK THE
ANSWER IS YOU CAN FIND PEOPLE.
IN TERMS OF QUANTITY OF
PEOPLE, WE CAN CERTAINLY FIND
PEOPLE.
IT IS VERY COMPETITIVE FOR THE
GRAY PEOPLE IN THE MARKET IT
ISN'T JUST MARIA ABOUT FINDING
THE QUALITY OF PEOPLE, AND
FINDING PEOPLE THAT YOU THINK
WILL DO GOOD BUT FOR IN OUR
CASE THE PEOPLE WE THINK WILL
BE GREAT AT ORACLE SO A LOT OF
OUR EFFORTS FRANKLY EVEN IN
APPLICATIONS, H.R.
APPLICATIONS ARE HUMAN
RESEARCH APPLICATIONS
RECRUITING SUCH AN IMPORTANT
PART OF IT, THAT WHEN YOU
RECRUIT WE USE ALL
INTELLIGENCE WE HAVE USE DATA
MACHINES MACHINE LARGE TO
UNDERSTAND IF YOU ARE IF
COMPANY WAS INTERVIEWING YOU
AND I, WE PIET HAVE DIFFERENT
RAW SKILLS WHO WOULD BE BETTER
FIT FOR US WHAT WE'VE GOT TO
DO, SO THAT IS THAT IS WHAT
WE'RE FOCUSED ON BUT YOU CAN
GET QUANTITY THE QUALITY IS
VERY COMPETITIVE FOR THE BEST
PEOPLE.
>> RIGHT HIGH-PAYING JOBS THAT
IS WHAT I KEEP HEARING FROM
BUSINESSES I ASKED TREASURY
SECOND STEVEN MNUCHIN ABOUT
THIS LISTEN TO WHAT HE SAYS.
>> WHAT DO YOU SKAI TO
ADMINISTRATION WHEN THEY SAY I
AM SURE YOU HAVE LADDER IT I
HAVE HARD IT A LOT I CAN'T
FIND PEOPLE TO PUT IN JOBS I
HAVE AVAILABLE IS THAT ABOUT
TRAINING.
>> I THINK SOME OF IT IS
TRAINING.
BUT I AM NOT HEARING THAT FROM
COMPANIES I SPEAK TO.
MARIA: HE SAYS HE IS NOT
HEARING FROM IT COMPANIES HE
IS SPEAKING TO YET, YOU KNOW
THE JOURNAL WROTE ABOUT IT THE
LABOR MARKET IS TIGHTENING,
FORCING WAGES UP, EVEN IF IT
IS NOT TO THE EXTENT THAT WE
THOUGHT IT WAS.
>> YEAH MY VIEW OF -- OF THE
LABOR MARKET FALSE INTO A
COUPLE CATEGORIES, ENGINEERS,
AND REALLY SALES PEOPLE THE
TWO PRIMARY FUNCTIONS IN OUR
COMPANY WE GENERALLY ARE
SPEAKING -- WE SELL STUFF WE
ALSO SUPPORT IN A LOT OF OTHER
FUNCTIONS THE COMPANY THOSE
ARE CORE TWO BIG CORE BUILDING
BLOCKS, ENGINEERS HAVE AL BEEN
TIGHT MARIA THIS IS NOT A NEW
STORY WE HAVE NOT PRODUCED
ENOUGH ENGINEERS IN THE UNITED
STATES TO FILL ALL THE
ENGINEERING JOBS IN THE UNITED
STATES AND THAT HAS BEEN GOING
ON A WHILE EXACERBATED BY --
IT IS MORE THAN TRAINING IT IS
JUST NUMBER OF PEOPLE
AVAILABLE IN MARKET.
THERE IS ANOTHER PROBLEM IN
ENGINEERING HAS BEEN MANY
PEOPLE STUDYING U.S.
ENGINEERING SCHOOLS WE WOULD
LIKE TO KEEP IN THE COUNTRY
BUT BECAUSE THEY COME FROM
OUTSIDE THE COUNTRY SOMETIMES
THEY ARE NOT ALLOWED TO STAY,
SO WE COULD GET INTO A LONGER
CONVERSATION ABOUT ALL OF THE
IMMIGRATION ISSUES BUT ABILITY
TO KEEP TALENT SOMEBODY GOES
TO ONE OF OUR GREAT SCHOOLS WE
LET THEM STAY HERE TO PRACTICE
THAT ALSO HURT ENGINEERING
ABILITY FOR US TO FILL
ENGINEERING ROLES IN THE
COUNTRY.
SO AND THEN, FOR ANOTHER SET
THERE IS COMPREHENSIVE
THERE IS COMPREHENSIV
THERE IS COMPETHENSIV
THERE IS COMPETITNSIV
THERE IS COMPETITIVIV
THERE IS COMPETITIVEV
THERE IS COMPETITIVE A
THERE IS COMPETITIVE AMO
THERE IS COMPETITIVE AMONG
THOSE LEFT NOT NEW ABOUT MORE
ENGINEERS MORE ENGINEERING
SKILLS AVAILABLE TO COMPANIES.
ON SALES SIDE WE FIND GREAT
KIDS ON THE COLLEGE EXIST,
MARIA.
MARIA: REALLY.
>> THE QUALITY OF -- OH THE
QUALITY OF YOUNG PEOPLE
AVAILABLE TODAY, ON THE
COLLEGE CAMPUS WE HIRE FROM
THE COLLEGE CAMPUS WE TRAIN
OUR OWN, AND WE FIND ABOUT
FANTASTIC TALENT, GIVE YOU
EXAMPLE, 5, 6% OF ALL YOUNG
PEOPLE IN COLLEGE THAT WE
OFFER A JOB TO, ACCEPT IT.
-- SO VERY, VERY WE THINK
GREAT JOB HIRING AND TRAINING.
MARIA: THOSE ARE HIGHER
PAYING JOBS ENGINEERING?
>> ENGINEERING AND SALES BOTH
GREAT YOU KNOW ENTRY LEVEL
JOBS BUT YES ENGINEERING IS
HIGH-PAYING JOBS.
>> QUICK ON REGULATION DO YOU
THINK WE ARE GOING TO SEE
TIGHTER REGULATION OUT OF THIS
GOVERNMENT ON TECHNOLOGY?
>> THE UNITED STATES
GOVERNMENT ON TECHNOLOGY?
>> YEAH GIVEN THE ISSUES
AROUND PRIVACY, AND WHAT WE
JUST SAW TAKE PLACE, AROUND
FACEBOOK, WONDERING IF YOU ARE
EXPECTING YOU KNOW, A NEW ERA
WHEN IT COMES TO THE
REGULATORY ENVIRONMENT ON
TECH?
>> WELL, OBVIOUSLY WOULD I
LIKE TO SEE THAT -- I WOULD
LIKE TO SEE COMPANIES REGULATE
THEM I MEAN I WILL GIVE YOU
EXAMPLE JUST IN OUR CLOUD ALL
OF THE DATA CUSTOMER DATA IS
ACTUALLY ENCRYPTED SO YOU
UNNECESSARY EVEN THE PEOPLE IN
ORACLE IF YOU HAD YOUR DATA IN
OUR CLOUD YOU WOULDN'T BE ABLE
TO SEE IT.
>> -- IT IS CRITICAL, GREAT TO