ORCL Cloud Revenue keeps Declining Quarter after Quarter.
https://finance.yahoo.com/news/oracle-apos-cloud-biz-heading-183610000.html
8 replies (most recent on top)
Oracle never bought the products for developing them instead of killing them. Oracle wants to take the customers of the product, but not the product itself acquired.
Oracle cloud revenue is an oxymoron. There is no oracle cloud revenue, there is only oracle cloud washing to make it seem like there is oracle cloud revenue. The difference between those two is not insubstantial.
@SlBb6Ww-mfc : actually, people forget that Sun Microsystems (yep, those rotted bunch of idiots, you know) invented the modern form of cloud (i.e. not hosting or housing), just few months before AWS launched its first cloud offering. Then when those golden bunch of geniuses from Oracle bought Sun, first thing they have done has been kill SunCloud, because you know, it was just a stupid thing done by stupid idiots.
@mfc - please call 911 as soon as you read this and have the nice men in white coats that will come to your house take you away to a tranquil place where they can help you. Trust me dude, you need professional help and you need it now
Oracle main product has always been the database . Everything else they purchased, extracted tech and resources, and bolted it on. You could say a company like IBM, in business for well over 100 years, that invented the main frame, has been doing cloud since before that existed. But not oracle.
Oracle has been doing cloud for 30 years in one form or another. People forget Oracle invented the cloud before the cloud existed. Perhaps if everybody understood this then they'd stop saying AWS is better as it's not. Oracle cloud products are cutting edge tech and fully autonomous.
Other companies actually sell and deliver / provision cloud to their customers to generate revenues; in contrast oracle mostly just conducts audits of on-price licenses and coerces customers into buying cloud credits - oracle never provisions them but it does book them as cloud revenues. And therein lies the answer to your question - only so many clients that oracle can audit and coerce to buy cloud credits - diminishing returns, thus decline.
Cloud revenue is not declining. The rate at which it is increasing, is slowing. But this is in contrast to all the other cloud companies, that's what makes Oracle different.