Billionaire Oracle chief Larry Ellison said the firm will launch a new suite of cloud-based software products and computing services next week.
Ellison also revealed that he plans to mark the occasion by sending out his first tweet.
Oracle, which gets most of its revenue by selling software that companies install in their own datacentres, is far behind smaller software vendor Salesforce.com in the business of distributing its products via the internet.
Oracle generates about $1 billion in annual revenue from web-based software, Ellison said on Wednesday at a conference organized by All Things Digital. That is about a third what Salesforce.com projects it will pull in during the current year.
The new cloud, or Web-based, products include a platform for building and running applications, databases and business management software, Ellison said.
He is scheduled to provide more details at an event for customers and analysts on June 6 at Oracle's headquarters in Redwood City, California.
