The turds reign of terror rapidly approaches an ignominious end. Justice will be served live on TV. I'm sure the turd will use his spin doctor skills.
In an EXCLUSIVE CNBC interview, Oracle CEO Mark Hurd will sit down with CNBC's Josh Lipton on CNBC's "Squawk Alley" (M-F 11AM-12PM) Thursday, March 22nd at 11:00AM ET. Topics will include: earnings and the new Austin campus, among others.
He will focus on how great his "Class of" program is and how its winning the cloud war. The natural follow up is why has your cloud growth continually declined, while your competitors growth remained steady or improved?
https://seekingalpha.com/article/4132503-oracle-street-impressed
What I believe must have frustrated investors even more was Oracle's cloud guidance for the upcoming quarter. With an expected growth rate of only 23% for the combined SaaS, PaaS and IaaS portfolio at the mid-point of the guidance range, the company could be facing a significant slowdown in the so important cloud transition (see graph below). And that deceleration, in my view, seems to be happening too early, as on-premise software still accounts for a very large two-thirds of Oracle's total revenues.
Great chart here
https://static.seekingalpha.com/uploads/2017/12/17/40779175-15135680340679607_origin.png
What it shows is how the "growth" in cloud sales is decelerating. Basically no one is adopting the cloud after they are "given" cloud credits to reduce the Oracle support costs 50 cents on the dollar. Cloud washing is a short term strategy that shows up in the adoption graph. All the competitors have healthy growth rates.
Oracle's cloud growth rate has dropped from 60% in Q1 FY 2017 to 23% in Q3 FY 2018 and is expected to go even lower next quarter. Cloud washing, and license audits forcing customers into a non existent cloud doesn't really compete with a real cloud offering.
That's the heart of the problem, Oracle is not competative in the cloud market. It has .3% of the market and its growing at a slower rate than Amazon who has the lions share of the market. No one is buying the spin.... literally. No one is buying Oracle cloud and no one is buying the Oracle stock.
Its going to be a great interview!
CNBC Exclusive: CNBC Media Alert: Oracle CEO Mark Hurd Sits Down With CNBC’s Josh Lipton on Thursday March 22 at 11:00AM ET
Published 1:47 PM ET Mon, 19 March 2018
CNBC.com
WHEN: Thursday, March 22, 2018 at 11:00AM ET
WHERE: CNBC's "Squawk Alley"
Transcript to follow interview.