Thread regarding Oracle Corp. layoffs

Oracle could be feeling cloud transition growing pains

https://techcrunch.com/2018/06/20/oracle-could-be-feeling-cloud-transition-growing-pains/

See how they broke out the cloud revenue loudly and proudly in March, yet chose to combine their cloud revenue with license revenue in June.

“Generally speaking, when a company chooses to reduce the amount of financial detail it shares on its key strategic initiatives, that is not a good sign. I think one of the justifications put forward is that is becoming difficult to differentiate between cloud and non-cloud revenues. If that is indeed what Oracle is claiming, I have a hard time buying into that argument. Its competitors are all moving in the opposite direction,” he said.

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Post ID: @OP+TLunmer

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I can tell you that while renewals are down across all SaaS offerings, the biggest challenge has been securing net new opportunities. Q4 is lacking and the pipeline for FY19 is also weak. Most of Sales and even the Customer Success teams are actively interviewing. No one wants to be on this ship as it goes down.

The BYOL license comment from SC is all part of their smoke and mirrors.

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Post ID: @ndn+TLunmer

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