Sales guys comparing notes... Q4 looks bleak. Most customers have put Oracle projects in "containment mode." This means no new licensing if at all possible. Support stream is all that's keeping this Q4 from an inky black hole. Some EULA renewals will come through because getting off Oracle takes time. Never seen it this bleak across so many orgs.
Rumor is a 10% hair cut across the board as cloud is the new direction... for real this time. "Double down" means out with old Oracle employees. Execs are doubling down on cloud. Betting the future on new cloud hires in dev, sales and management.
Guidance will be low as cloud shift will take 18 to 24 months too see results. Flat Q4 signals beginning of 24 month revenue decline.
Just want to see if this is just my small pocket of contacts... or if this rumor is wide spread...