Billions and probably tens of billions squandered already on a late arriving, over budget, weak also-ran cloud infrastructure — buggy and on leased data centers not even owned by Oracle. Customer enthusiasm is too low to measure. Zero management accountability. Meanwhile tens of thousand of layoffs on the horizon.
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Another Seattle poster who is partaking of that state’s finest leafy green material......
DJ and CM are probably the best leaders so far in Oracle history
How is DJ responsible for this? You have to always take risks
$10B in profit doesn't matter when you are spending $40B/year on stock buybacks.
This year buybacks are less, seem to be running about $5B/quarter, still that $20B in buybacks, so Oracle is still underwater.
@tgt+13acKRLV, since when does "a lot of money" equal "enough money"?
These days, "enough money" is the equivalent of "more more more MORE". $10B? We want $20B. Why stop there? Or in O-speak, "what expenses can we cut to raise the profits"?
How is a company with $40B in sales and $10B profit "run into the ground"? Regardless of its cloud business, Oracle still makes a lot of money.
Death spiral continues. Get out if you can.
Oracle cloud is a total joke