House of cards….
https://finance.yahoo.com/m/35692144-b0e8-3544-a07b-3e77d2234e83/oracle-q4-results-aren%27t-as.html
14 replies (most recent on top)
Sales force has been offered big incentives to book "cloud" deals and counting some of its on premise hardware leases as infrastructure-as-a-service sales
Top executives in EMEA are making materially false and misleading statements regarding the company’s business and compliance policies
This been end up in SEC filings and on earnings calls, used to paint growth and "cloud" revenues etc,
SEC start investigating !!! rumors are that Oracle compliance is covering up such internal employees reporting in different countries
Time for the SEC to take a look at how oracle reports revenues to ensure that investors are not misled by cloudwashing?!
Subtract the acquisitions in last few years and then tell me we have done well.
"Lot of cloudwashing going on to show anything and everything as cloud revenue"
Yep. Dig into the AT&T or Bank of America deals. Both are primarily on-premise hardware. Oracle justifies it as "Cloud" because (1) it is a monthly "service" that Oracle provides/manages instead of an up-front capital expenditure and (2) the software is pre-installed and self-service, so it is marketed as a IaaS/PaaS offering.
Claiming this as Cloud revenue is just creative accounting and marketing though. It is definitely shifting revenue from a up-front license/ongoing support model to a service-based model and Oracle needs to account for how it is managing that transition. But to say that it is Cloud revenue that compares with AWS, Azure or Google is questionable at best.
Nobody's stopping you, just try to get it into your walnut sized Brian's that you are a COMMODITY and will be replaced when the company chooses to. See how much you LOVE oracle then!
I love Oracle!!!!!
Lot of cloudwashing going on to show anything and everything as cloud revenue
It's a "journey to the cloud" not a conversion to cloud.
Semantics folks.
Madof must be so proud of MH, SC and LE
Yep, that's all oracle loud is, a gigantic Ponzi scheme. Watch the stock crash!
Honest question:
"Oracle DOES NOT include Renewals in its ARR metric reporting. Can you say red flag?"
Can anyone explain why this is bad? Sorry if this is a stupid question.
Kramer's article was based on factual analysis of Oracle's Q4 Fy17 earnings. This has nothing to do with picking stocks, so his firm's 2016 returns are immaterial. Also, Hurd finally was forced to answer on the earnings call that Oracle DOES NOT include Renewals in its ARR metric reporting. Can you say red flag? Hurd also skirted the question about Oracle's cloud scalability related to Oracle's cloud customers that are "LIVE." Its hard to complete implementation of cloud products when the customer never starts implementation because they never wanted the product to begin with. Long live DOA-financially engineered selling…. stop "drinking the Kool-Aid" and enjoy watching the collapse of this PONZI scheme!
Well look at who wrote the article, Michael Kramer from Motts Capital Management. Returns of negative 2.1% in 2016. He knows nothing and anyone should do the opposite of what this idiot writes. Looks like a first grader wrote his website.
Yowza! Pretty much spells it out."...when you look at the company from the perspective of year-over-year quarterly revenue growth, you can see exactly why Oracle is the cheapest of the group. There is no growth. And there hasn't been for years...."