Thread regarding Oracle Corp. layoffs

Did MH just say...

did he just say that Support shrunk 25% and netsuite grew 27% ? Is that a dollar value offset and what impact does support shrinking 25% have? Did he mean that?

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Post ID: @ZDLfnOc

8 replies (most recent on top)

Sparc business? Really?

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Post ID: @ZDLfnOc-1dqc

I've listened a couple of times to the recording and I've figured out that he said Sparc business, not Support business. Everyone stand down. Nothing to see here. Disaster averted. It was just a bad connection

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Post ID: @ZDLfnOc-1bha

No mention of cloud revenue ARR....

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Post ID: @ZDLfnOc-1zsi

Or as we call it financially engineered deals. There is very little cloud revenue

Sounds like he just confirmed the cloud fraud: oracle goes to customers and asks them to convert their support costs to cloud licenses that they won’t use, and of course gives them a discount, so overall the customer pays less and oracle gets less revenues, but it makes it look like oracle cloud is a viable and growing offering.

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Post ID: @ZDLfnOc-1qhp

Well, I believe the cloud fraud is that they are converting support revenues into cloud revenues by inducing customers to sign new support plus cloud agreements and thereby manufacturing cloud revenues and hereby misleading investors about the competitiveness of their cloud and of course the revenues it is actually generating.

As for double digit overall revenue growth - delusional! any investor stupid enough to believe that deserves to lose their shirt

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Post ID: @ZDLfnOc-vwa

There's no cloud fraud. It's just lack of transparency. There is no law that says a company needs to divulge its product mix that generates revenue. Smart investors looks for information on what is generating revenue so they can determine the truth behind the numbers and look at the future prospects. I can't get a clear picture of what is generating revenue and what is losing money. I hear MH say that O has parts gaining double digit and parts losing double digits and then I see almost flat revenue growth. I hear SC provide guidance indicating double digit growth but I hear nothing of true substance to back that up. This is not tinfoil hat stuff. This is investment 101. Shoe me how you get.to double digit growth.

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Post ID: @ZDLfnOc-icp

Sounds like he just confirmed the cloud fraud: oracle goes to customers and asks them to convert their support costs to cloud licenses that they won’t use, and of course gives them a discount, so overall the customer pays less and oracle gets less revenues, but it makes it look like oracle cloud is a viable and growing offering.

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Post ID: @ZDLfnOc-klx

Decline in support is a huge issues - it effectively means that customers are getting off oracle on-Prem apps and are going to the competition. Keep in mind base of support revenues is bigger than base of cloud revenues so a decline in support by 25% is the kids of death for oracle.

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Post ID: @ZDLfnOc-zwo

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