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Oracle shares drop as reports emerge that Amazon and Salesforce may be dropping its technology

Amazon is increasingly moving into more enterprise software through its Amazon Web Services segment
 Oracle shares drop as reports emerge that Amazon and Salesforce may be dropping its technology
Oracle's database technology has been the market standard in many industries since at least the 1990s

Shares in computer giant Oracle Corp (NYSE:ORCL) dropped 1.77% at US$46.44  in New York as it was reported that online retail behemoth Amazon  (NASDAQ:AMZN) and Inc (NYSE:CRM) may drop the former's technology.

The two firms have reportedly long sought alternatives to Oracle's wares, and have now made "significant progress" to that end, unnamed sources told The Information, reported CNBC.

Salesforce, the cloud- focused group, is developing its own alternative to the Oracle database, while Amazon is moving towards an open-source technology called NoSQL, it was reported.

Amazon is now moving into more enterprise software through its Amazon Web Services segment, and like many businesses, moving ever more into data in the cloud.

Oracle's database technology, as well as the coding language Java, have been a market standard in many industries since at least the 1990s.

Salesforce shares are up 1.8% at US$104.08 and Amazon shares added 1.64% at US$1,188.50.

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