Thread regarding Oracle Corp. layoffs

Q3 numbers too good to be true?

So oracle makes it look like they had a great Q3, but that doesn't agree with my sense of reality, so any thoughts about what they did to goose up these numbers?

I mean, surely this is not just organic growth, got to be lots of acquired revenue in there. Also, are they pushing really hard to include cloud in on-premium deas by discounting the on-Orem licenses, including cloud (that the customers never asked for) and allocating some of the revenues to cloud? Third, how much of converted on-prem support fees from existing licenses are in the cloud number? Any other thoughts ?

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Yeah with the ToxiK leadership what do you expect

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Me thinks that would be a total absence of good leadership

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Agree, but what is the point in having such a large engg organization. What is preventing us from building good software.

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Well, oracle is completely incapable of developing good cloud software so yes they will continue to acquire and then destroy cloud companies and will happily take the "revenue growth" boost these acquisitions give it. Total destruction of cash and acquired companies, but hey it keeps the party and the paycheck to SC and MH going and prevents the share price from crashing which is the only think LE cares about

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Netsuite's revenue definitely helped. I bet Oracle will keep acquiring companies to pump up the cloud numbers. But the truth is that Oracle only has 2-3% of the cloud market while Amazon/Microsoft/google control 90%. It's a very tough battle for Oracle. Most important, MH and SC don't know what they are doing other than cashing big paychecks for themselves.

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You mean the garbage that MH spews out at his conferences and the garbage all those morons he hired from HP spew out doesn't general real sales. I'm shocked, shocked! If the company was run by a real CEO ....

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"Netsuite saved us?"

If you read the article on Seeking Alpha, the answer to that is YES ... and NO.

"Actual numbers, adjusted for the NetSuite acquisition, present a picture of slowing growth in percentage cloud revenues and continued declines in total revenues."

So Netsuite masked our results enough to make it look like we're growing. Sadly, we're NOT.

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Netsuite saved us?

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Keep in mind that the numbers resulting in these astronomical growth rates are non-GAAP, in other words anything oracle wants them to be. Apparently, the GAAP numbers are not as impressive. Go figure

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One standard trick when a company is in trouble is to sell some real estate and the profit counts as "income". But I would expect most of Oracle's field offices to be in leased space.

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