After the departure of TK and now two VPs getting the boot, rumors of a major reorganization is underway. One of the VP's let go (NK) had over 16 years of service he was Vice President of Software Development, Cloud Services at Oracle.
TK was frustrated with the lack of investment in infrastructure, but thought Oracle could have a chance if they developed software that could run on the other cloud providers. LE, MH and SC would have none of that. Their position was they could win based on superior performance in their rented data centers and that customers would pay to build the infrastructure.
TK has his own set of problems but at leas he is a realist. Oracle can not succeed in cloud with the current strategy. The rest of the leadership is smelling their own farts and thinking they can change the world on talk alone.
After the latest round of dismal (possibly) negative cloud growth as cloud credits are not used the hatchet man is rumored to do what he does best to solve a problem. The entire cloud services org, development to success management is about to be wiped clean.
https://www.investors.com/news/technology/oracle-earnings-oracle-stock-q2-2019/
What Analysts Want To See When Oracle Reports Quarterly Earnings
BRIAN DEAGON12/14/2018
Oracle (ORCL) is set to report quarterly earnings after the market close Monday, with analysts increasingly anxious to see if the database software giant can provide a more optimistic report on its cloud-computing transition.
"We want to see more walk and less talk from the company, and based on our conversations with investors, we think the buy-side does, too," Nomura analyst Christopher Eberle said in a report to clients.
"Investor frustration has manifested itself via increased short interest and underweight positioning by mutual fund managers, leaving Oracle as the only name in our large-cap universe with negative share performance year-to-date," he said.
Oracle stock closed at 46.60, down 0.6% on the stock market today. That's about where Oracle stock was trading at the start of this year.
No surprises on EPS, but if you can't deliver on cloud, you can pin point the problem and root out all the rotten development teams, pin the blame on TK and spin the mess as his. "We are taking a mop and cleaning up the mess." Expect a major announcement on a new head of development to replace TK. LE is shopping for talent with a very large wallet. In the mean time get ready to clean out your locker. Oracle has no place for those who can't deliver.