Saw this regarding the analyst meeting https://www.streetinsider.com/dr/news.php?id=14748583&gfv=1
with a transcript of LE riff on Tesla and Oracle futures. Apparently Oracle does not care about some businesses going away because Cloud 2.0 will get big sometime in the future, not known when...read the transcript and the ORCL stuff starts about halfway down...
Sounds like layoffs for the business lines going away. Sorry!
BS on the can’t do oracle to sql. That is a very popular path for the product I work with. LE doesn’t know Jack sh-- about the tech side. AWS will figure it out. After all the better engineers work there, many came from Oracle.
It's all over. I think they (MH, SC, LE) know it, but they have to prop things up with lies to make themselves feel better for now.
Cloud has been so screwed up for sooooooo looooooong. There is no way out. By the time Oracle gets its sh-- together, the rest of the world will have moved on to the next great thing. There is no way to catch up at this point. Possible time to convert existing Oracle customers is passed by. Who's going to move from well-established cloud companies to give Oracle a try? Answer: No one.
"Start in earnest in 2019" ? So the former attempts (at least two of them) haven't been in good faith?
What c-ap
From the Street Insider piece on the analyst meeting:
--You're saying, okay, when -- what quarter is Oracle just going to surprise you. Where this revenue come from? We were expecting this. This is not any -- we can -- this point just kind of -- it's not going to our chart from nowhere. You revenues kind of flat but actually it's not flat. Some things are growing very rapidly, and other things are shrinking. And we're kind of managing to flat. The only way could be flat for this length of time is if we are kind of deemphasizing businesses we don't care about, growing businesses we do care about, and going through this transition and a kind of a market acceptable weight, and that's what we've been doing trying completely -- so underneath the covers, you get -- underneath the revenue, and you look at this business.
Some of the businesses are exploding. Some of the businesses we just don't care about. We want to shrink them. And we don't those -- a lot of businesses that we don't care about. Anyway, there's no way to -- until we get the first date -- a few data points on autonomous database to see what the adoption rate is and kind of start to measure the slope of that curve, there is no real way for me to tell you -- I mean, is it first calendar quarter '19. Is it in the second calendar quarter '19, I don't know.
But I do know like Elon knows. It's a pretty good product. We got to get it to the market. And we're going to sell a lot this stuff. I just can't tell you exactly what quarter. Now, when it hits, and you got a couple of data points, you're going to let say it hits in Q2 and you get another data point in Q3, start to sense the slope in the curve, it's growing and then all you guys can place your bets.
But I fully understand somebody who would say, well, I don't see it in the numbers. However, as I say, nice presentation. When is it going to show up in the numbers feel like I'm just cannot wait to until when it shows in the numbers. You can do that. I mean that's a choice. I could've waited in terms of buying a lot of Tesla, wait until it shows up to the numbers. Prove to me but I went like we have dinner got damn Tesla factory. Go to the Tesla factory, I went home, Elon slept there. Go to the Tesla factory, look at the Model 3 line, look at down Model 3, go to the Giga factory, to all of this stuff, talk to the people, talk to -- figure out -- good product, really cool assembly line. Giga factory, amazing. Are there problem. Yes, there's huge problems with Panasonic because you're trying to get these batteries to work and your primary manufacturing provider is having problems. You're got to work through that engineering. It's an interim project work. It's hard to get all the pieces together.
But if you have all these pieces together, it's hard for other people to compete. And I think at this point with autonomous database and Gen 2 data center, we have -- we've got a really firm infrastructure foundation underneath our most strategic product which is our database where and most of the world's data being stored and that. We think it's going to migrate to a combination of our public cloud and cloud customer. I don't know where else it's going to go.
You can't -- people have tried -- believe me, people have tried to move an Oracle workloads to Redshift or Aurora. They even try to move it to Microsoft SQL Server. It doesn't work. We're much faster. We have many more features. There's a reason why we beat Microsoft in the database business. We beat IBM in the database business. We do have a majority of the database business. But most of the world's data -- valuable data is in the Oracle Database.
Now we have an even better database in the cloud and it's very easy for people to move and they're going to start in earnest in 2019, and where this ends up? Again, low bid, $100 billion business. What do you think they -- I can tell you some SaaS margins. When we get a new SaaS customer, we get another SaaS customers, what do you think the margins of others give $5 million a year, nice contract. $5 million a year to run ERP in the cloud. What percent of that $5 million do you think is margin, incremental?"