At Oracle OpenWorld last week, Oracle CEO — er  CTO and Executive Chairman Larry Ellison — once again vowed that his company will be king of cloud — in SaaS, Paas, IaaS — you name it.

That’s a tall order but one coming from a company flush in resources which has shown itself willing to buy into new markets. And Ellison and co-CEOs Safra Catz and Mark Hurd trotted out news that Oracle now offers its flagship Database as a Service. Ditto Java as a Service. As for those resources, over the past 12 months, Oracle logged $35.8 billion in revenue and gross profit of $31.4 billion. See what I mean?

For a CEO who once pooh-poohed cloud computing as a relabeling of older time-share technology, Ellison’s gotten with the program for real now. (And to be fair, he was right that today’s SaaS is suspiciously like the application service provider (ASP) wave…