https://www.thestreet.com/story/14528960/1/oracle-weak-cloud-guidance.html
Some key quotes from the article
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"Oracle also guided on its earnings call for May quarter revenue to be up just 1% to 3% annually in dollars, and flat to down 2% in constant currency (CC)."
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"cloud revenue growth is forecast to slow to 19% to 23%"
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"Mark Hurd was slightly less forthcoming about sharing SaaS figures on Oracle's Monday call than he was on its December call"
The earning growth guidance for the forth quarter seems alarming low. Cloud growth projection is really low given Oracle existing low market share. I also found the graph comparing Oracle's sales growth to that of Microsoft and Oracle alarming.
Obviously the transition to cloud is not going as well as planned. If sales are growing fast enough, the only option to improve earnings is to reduce costs.
I wonder what all this financial information means in terms of future layoffs, which is suppose to be the real subject of this site.