You do realize Oracle has guaranteed support until min 2030 with a 10 year rolling window for On Prem Apps. Not only supporting the product but adding new features/functionality each year. On Prem Apps is very much still relevant. The 22% support stream feeds the rest of the business.
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The play for Oracle is the SaaS play off of the success of the PSFT, SEBL, and legacy Oracle Applications. Sell the SaaS suite to customers vs. they weave it all together themselves.
Keep the legacy sales reps and focus them on converting the legacy customers to SaaS.
Too far behind MSFT and AMZN to compete in the IaaS and PaaS space, that ship has sailed for the next few years. Get the SaaS business then bundle in the I/PaaS over time.
Not sure about the others but per quarterly 10K statements the "hardware" group (AKA Sun) has almost $4B in annual sales and over $1B in profits.
25% margin in hardware is quite good. Everyone knows the real money is in support, usually they shoot for 10% margins. Providing the support numbers aren't bundled in those figures.
“Legacy” Siebel and Peoplesoft are still generating cash. Can the same be said about Hyperion, BEA, Sun, and other major acquisitions?
Not sure about the others but per quarterly 10K statements the "hardware" group (AKA Sun) has almost $4B in annual sales and over $1B in profits.
Notice that the TV ads for Netsuite are all "Netsuite" and the word Oracle only gets on screen small at end.
Are they spinning off
Netsuite?
Whatva lolz. LE sells it to Oracle, makes 4.5 billion, then sells it to keep stock up? Plus he gets 30 % since he owns that much Oracle.
Netsuite is a hot. “Legacy” Siebel and Peoplesoft are still generating cash. Can the same be said about Hyperion, BEA, Sun, and other major acquisitions?
Even after a decade of pooling all our apps resources into Fusion, it's still the "legacy" products that customers want. Remember when we had a growing apps business? SM squandered all of that momentum. What a waste.
Maybe because the Siebel and Peoplesoft organizations make money?
Exactly right, legacy software are making tons of money, but zero or negative investment. Those software were No.1 in the world, not they are not due to lack of investment!
Because the legacy business is where the majority of the cash is coming from. Figures, if she cuts there, it can hurt revenue in the short term where as OCI isn't generating enough cash to justify how much they are spending there. Oracle needs to rethink their GTM cloud strategy. I think they need to focus on doing a couple of basic things well (like IaaS and storage) and go from there. Start with the DB as your PaaS and get customer to bring their apps into IaaS. Then expand into applications. We just tried to do too much at once and we lost our focus.
Maybe because the Siebel and Peoplesoft organizations make money?
why is safra cutting Cloud reps but leaving legacy (high cost) Peoplesoft and Siebel support staff on the payroll ?!?
Looks like OD was hit yesterday
Heard cut in reps only cloud apps
And more to come? But where?