The earnings call is coming up - will they come clean on cloud washing or do they still think that they can continue to convey it up? Will be very exciting to see! Me thinks the wheels are coming off the bus.
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Oracle cloud offerings are so unbelievably uncompetitive that the only way they could show any growth is through massive cloud fraud
Q3 will show significant growth in all 3 cloud flavours
Like 300% growth from 0.1% of the market to 0.3% of the market. Maybe something like that?
"So how much of the cloud revenues that oracle will report for the Q will be the result of cloud fraud? 70%, 80%, 90%?"
There is no way that anyone on here could possibly provide anything close to an accurate answer to that, aside from pulling a random number out of the air.
So how much of the cloud revenues that oracle will report for the Q will be the result of cloud fraud? 70%, 80%, 90%?
This one definitely gets nominated for the euphemism of the year:
“and we used some non-orthodox way to gain some space”
Q3 will show significant growth in all 3 cloud flavours
You mean line Microsoft level growth? Or Salesforce level growth? I doubt that.
No one around here is selling much cloud. I doubt other regions are doing any better.
@1gbq - of course, and I also believe in Santa!
The only things growing at oracle is cloud fraud and the 3 stooges desperation as it becomes know more broadly
Q3 will show significant growth in all 3 cloud flavours (with some % difference, but overall very positive), and this will consolidate the business and the stocks. it is true we arrived late in the party, and we used some non-orthodox way to gain some space, but now the wheels are spinning full rpms. Q4 will show even greater growth.
Given that Oracle has a large cash reserve and that the world markets play a role in the return that they get on their money, the GDP growth comment likely means that they are counting on their investments to boost their balance sheet. In other words, expect the Cloud-washing and creative accounting to continue.
Here is something MH said a few days ago:
https://realmoney.thestreet.com/articles/03/02/2018/strong-earnings-cisco-hpe-and-others-bode-well-enterprise-tech-stocks
"In addition to posting strong numbers, many big-name enterprise tech firms are providing upbeat commentary about near-term spending trends. "I think people are more optimistic in general," said Oracle (ORCL) co-CEO Mark Hurd at a mid-February Goldman Sachs tech conference. He added that when companies see "a [global] GDP number that starts with a three," they tend to become optimistic. The World Bank has forecast 3.1% 2018 global GDP growth."
As this is a quit period and non of the executives can sales his stock options so don't expect any behavior change or any integrity and honesty from Oracle to the stock holders