Thread regarding Oracle Corp. layoffs

Now an ERP SaaS and IaaS (Database/Cloud2) company

So remember back last year when TK left, reportedly because he wanted Oracle products to run on other public clouds (that work)?

Well, maybe good old LE actually IS making something happen. A "bet the company" move that may involve some smoke and mirrors.

Back on the Q3 earnings call there was some hype about new customers (whooper! 4000 people signed up for free stuff) BUT one thing LE said is striking. https://www.google.com/amp/s/www.fool.com/amp/earnings/call-transcripts/2019/03/15/oracle-orcl-q3-2019-earnings-conference-call-trans.aspx

LE says the future of O depends on (1) cloud applications (Fusion Suite and Netsuite) and (2) cloud infrastructure (Cloud 2.0 security features and the autonomous database). So I may be wrong, read it yourself, it sounds like the new auton db is only going to be run on O computers (in rented datacenters?). And thus all the auton database customers are cloud customers? Thus big cloud growth? But not real cloud?

What do you think?

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| 1655 views | | 5 replies (last ) | Reply
Post ID: @OP+Y99HQlc

5 replies (most recent on top)

But PaaS database is not IaaS is it? So does O really going to lead in cloud infrastructure?

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Post ID: @1wmp+Y99HQlc

Oracle cloud marketing plan over the last 5 years.,. Fake it till you make it! Or until you get busted.

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Post ID: @1ehv+Y99HQlc

utter nonsense post. if you rent db on a cloud vendor, why not cloud revenue? Is RDS cloud revenue? How successful it is remains to be seen.

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Post ID: @vhb+Y99HQlc

But Autonomous DB is real cloud. It is literally a PaaS service. So Autonomous DB revenue and customers = cloud revenue and customers. I don't think that's fake?

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Post ID: @nmm+Y99HQlc

Read page 32 of Oracle’s 10Q filed yesterday. It gives you an update on their Cloud Fraud lawsuit.

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Post ID: @tox+Y99HQlc

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