While Ellison had already revealed the company's general plans in , he went into further detail during Sunday's keynote. In addition, a slide

displayed during his presentation stated that the new IaaS' "primary competitor" is Amazon.

One big question Ellison didn't address is how competitive either IaaS option will be with AWS on cost. Nor did he provide an availability date for Oracle's service.

Oracle had previously rolled out its Fusion Applications and a PaaS (platform as a service) from its cloud, but found that customers wanted the IaaS layer, which provides raw compute power and storage, as well, Ellison said.

"The infrastructure that we're offering isn't conventional," he added. "It's not plain old commodity infrastructure."