Many people have underestimated the decreased demand in enterprise IT spending overall. My guess is even the cloud business will not move as quick under these economic conditions. It will be interacting what is reported on dec 15. And follow on announcements by Amazon and Microsoft who have essentially gone for the oracle jugular.
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The best at selling crappy junk no one wants to buy. Good luck trying to make any money unless you are at the C-level.
This is a lot of nonsense and speculation. Building and maintaining a company like oracle is about as close to a miracle as they come in the business world. The culture should be tough. Cost cutting and investment alignment will never go away. There is no free ride...oracle gives you the opportunity to be the best if you are good enough to get in. It's no meritocracy, but what is?
oracle has been laying off people in the hw business since last summer. if they expect to increase revenues in hw while decreasing investment, then they should be high on something.