Ouch! It’s a rare feat for a company to get down carded the day of the earnings call, but oracle managed to pull it off. Impressive!
10 replies (most recent on top)
They did not get ready for a pivot to the oracle cloud; they’re pivoting to AWS, MSFT, SFDC, WorkDay, even SAP ... but definitely not oracle
"Should announce EOL for OCI anytime now."
If that happens watch for Global IT to soil themselves. They got rid of all their best techies last year in preparation to "pivot to the cloud".
If Oracle can cutover to Microsoft infra sooner than later they may have a chance. Should announce EOL for OCI anytime now.
Keep going, I’m almost there
Laid-off employees often become customers.
You are absolutely right. We know how to push customers to move to better cheapest technologies. And we are successful doing this. oracle is losing more and more on premise customers. And they are certainly not moving to orcl b---s--- cloud. you can be sure we push customers to move outside oracle. oracle has created the best anti oracle army. Now pay the price for it !
The Short ration is higher than it’s been in recent memory, clearly the sharks are smelling blood in the water.
I bet they really, really push that MSFT connection tomorrow. One more tiny change that will "save" the company. Still thrashing around in stage 4, it looks like.
Nothing is going to save Oracle. Customers and employees hate Oracle. Laid-off employees often become customers. It's just a matter of time for the stock buybacks to dwindle out.
downgraded before earnings call.... doesn't look good.....
@asx - you keep telling yourself all these things. Let me ask you a question genius: how much longer do you think oracle can afford to spend $10 plus Billion a year to prop up the share price? And question #2: tell me what you think will happen to the share price when share buybacks go down significantly?
That’s right - consider yourself lucky if it doesn’t go down below $5 per share!
Buybacks winding down and then the wheels come off. Stock will be down by 20%...