Flat revenues and profits, no growth. As for cloud specific numbers always very suspect. So nothing to get excited about here. With all the layoffs,’profits should have been way up, clearly things just aren’t working.
13 replies (most recent on top)
Exhibit 1 in cloud fraud case
how many of the nearly 6K Fusion ERP Cloud Customers have even started implementation? LMAO
LE (and the other 2) cares about one thing, and one thing only - 1.16BN shares x $0.19. per share = $220,400,000. dividend this quarter. I would tell whatever lies I had to, smoke and mirrors, cloud washing, pull tricks out of my a$$ to keep those quarterly dividends coming.
Paul Allen will always be remembered as Idea Man. Nobody at Oracle remembered except as riding an also-ran company into ground.
Just babble on the earnings call https://seekingalpha.com/article/4228843-oracle-corporation-orcl-ceo-safra-catz-mark-hurd-q2-2019-results-earnings-call-transcript
LE noted database is still great but needs cloud infrastructure to run on and they are working on that. What?!! How can you claim to be a cloud product or company with no cloud???? Basically admits underinvestment in infrastructure.
So sad. Would be nice to think LE cares the minions screwed up and is determined to fix it to Make Oracle Great Again but I despair it is a decade too late and he is so busy pretending to be youthful that no energy left for Oracle.
The “real” Cloud numbers are complete garbage. Customers moving off EBS, PSFT, JDE and evaluating Oracle Cloud, but then selecting WKDY, SAP, or others (Anaplan, Adaptive, Blackline, etc.)
The days of the “one stop shop” for HW, DB, and ERP are long gone due to Cloud and easy to use “plug-and-Play” middleware. Just the best IaaS happens to be from Amazon. The best relational database is still ORCL (for now). The ERP, CRM, SCM, HCM, ATS, EPM, BI markets are all saturated with so many vendors that ORCL can’t make any headway or is losing ground in all of them.
ORCL is doomed. Get out now.
The reported “cloud” number is a ridiculous hodgepodge of stuff, that’s not what you do if you have a strong cloud license revenue number to report.
Oh, the tangled web we weave when we practice to deceive!
Revenue down but profits up. How do you think this happened? By cut cut cutting. That is the IBM business model.
They shut down on-prem apps, don’t have competitive cloud apps, shut down hardware, all that’s left is database. So, you’re right, full circle it is.
Thanks. I thought ORCL started in DB and were expanding. Now, they have come full circle.
Give it another year or two, and all that will be left oracle will be the DB, though will less market share and lower revenues b/c of all the competition.
Is Oracle just an database company?? Again. Commodity?
Lies....lies.. can't believe a word.....