The company had posted losses of more than $2 billion in the two years prior to its sale, but Ellison asked by reporters how the Sun integration was going on the sidelines of a news conference on Saturday in San Francisco has said that he thought it was going really well and they expected to be profitable right away. Some analysts were skeptical that Ellison will be able to quickly turn around Sun, which never fully recovered from the bursting of the dot-com bubble in the early 2000s that savaged demand for its high-end computers.

He has made the comments in his hometown after returning from Valencia, Spain, to show off the trophy he won for defeating rival billionaire Ernesto Bertarelli in the America's Cup sailing race. Ellison vowed to defend his title, but the 65-year-old, who founded Oracle more than 30 years ago, also said he had no intention of retiring from his position at the helm of Oracle to focus on sailing.