On November 21, 2016, Oracle announced it had signed an agreement to acquire Dyn. “Dyn’s immensely scalable and global DNS is a critical core component and a natural extension to our cloud computing platform,” stated Thomas Kurian, President of... — read more
Glassdoor top 20: Salesforce’s co-CEOs Marc Benioff and Keith Block at No. 17
When will our so called 3 highly paid CEOs will be top CEOs list ??
Is our reputation ruined for good?
Is there any way to repair our image with the customers?
Oracle is a marketing company
https://seekingalpha.com/article/4271700-oracle-marketing-company?source=2800:read_now&dr=1 Oracle is not a company good at creating innovative tech, but it is a genius at marketing mundane tech to enterprises.
more cost cutting
People in Sweden used to have a private healthcare provided by ORACLE. It looks like that is no longer the case and they have changed it, effective immediately for everyone so that people need to pay to visit the doctor through the insurance... — read more
Congratulations to those diligent colleagues!
Almost all of them have got offers from Facebook, Google, Linkedlin, Amazon, etc. You are the best. You are not 'irreverent'.
Unofficial official layoff report 6-23/2019
No major layoffs this past week. Total since 6/1-2106 remains at 24,186. Quite clear from various announcements that layoffs will continue in dribs and drabs and many existing units will be allowed to “melt” away. Keep looking for opportunities... — read more
ORCL HW revenue for FYs
Year Rev Cost Profit (m) 2019 3704 - 1360 = $2344 2018 3994 - 1576 = $2418 2017 4152 - 1653 = $2499 2016 4668 - 2064 = $2604 2015 5205 - 2287 = $2918 2014 5372 - 2357 = $3015 2013 5346 - 2391 = $2955 2012 6302 - 2889 = $3413 2011 6944 - 3316 = $3628... — read more
LE says "Some of Oracle's businesses 'are melting away and we just don't care"
Behind a paywall: https://www.businessinsider.com/larry-ellison-explains-oracle-ongoing-restructuring-2019-6 Key takeaways: "Oracle has been conducting rolling layoffs worldwide since March, impacting all sorts of business units within the company... — read more
ORCL HW total revenue
ORCL HW total revenue (m) 2019 $994 2018 $1115 2017 $1114 2016 $1283 2015 $1407 2014 $1466 2013 $1431 2012 $1577 2011 $1830 2010 $1831
Oci and Recent results
How much is oci’s share in recent results? Couple of managers from oci reached to me saying ‘really good time to join oci and its going to get exciting in coming days’. Not sure if they are just baits but wanted to know, Is oci really contributing to... — read more
Buss Insider LE interview
LE: some of our businesses are melting away and we don’t care Check it out
O LinkedIn campaign?
Is Oracle conducting a PR campaign in Linkedin? What are you folks seeing? That would almost be funny
S.C. and Romania
So where does Romania stand with regard to SC these days? It was such a love affair a few years back. Is the bloom off the rose, the lipstick off the pig, or do the people of Romania still love her?
Getting paid for buying back shares
It should now be clear to everybody that since oracle is not experiencing any growth and the increase in EPS are due to share buybacks using oracle cash, what the 3 stooges are really getting paid for is using oracle cash to buy back oracle shares... — read more
Oracle gender pay lawsuit
Bloomberg: Oracle women fight for class action status in gender pay lawsuit. Check it out
Raises anyone?
What's up with raises at Oracle? Industry estimates state that 3% should be the average raise for good workers, and 2.5% for average workers. But not at Oracle. Oracle delayed their employee raises for a FULL YEAR. Rather than their 3 to 6 month... — read more
O market cap going nowhere
Forget about the share price, it’s a function of share buybacks; look at the total Market Capitalization - which tells the true story and which is going nowhere. O Market cap was $171 Bn June 2014; now it’s $206 Bn, up 20% over 5 yrs - lame compared... — read more
They have fooled the market for now
No immediate layoffs. They already occurred to make the numbers look OK this quarter. Oracle still has a lot to do to make it: Oracle's customer's hate Oracle Oracle's employees hate Oracle Lots of defections to Google indicate those higher up know... — read more
Balance sheet bad news - ORCL spent $29 billion in FY 2019 - they will run out of cash at this rate
A glowing earnings report? Read the balance sheet. Revenue growth year over year was 0%. Cash (including short term marketable securities, which are money market bonds) shrank by 29 BILLION in one year, and now there is only 37 billion left. The... — read more
Kudos to our teams!
I'd like to give a toast to success! Thank you to each of you whose effort and hard work contributed to our tremendous continuous success - with revenue coming in at $11.13 billion (versus $10.95 expected by Wall Street we have, yet again... — read more
The new oracle looks like the old IBM
Check it out on Yahoo News
Dump your RSUs on the spike
You will never get a better chance on those RSUs that vest over the next few weeks.
Cloud ARR?
Was there any mention of the cloud ARR on the call? This is the only number that matters for the future of oracle. Was I asleep or did the 3 stooges just happily skip past it?
Did SC really say that?
Let me see, in the last 12 months oracle bought back 734 million shares worth $36 billion - is that right? That’s a staggering amount of money to waste on oracle stock! Desperate!?
25k Bonus for Solution Engineer??
Hi, How much is the average bonus per year for Oracle Cloud Solution Engineers? I know the base salary is $60k. Thanks in advance.
Sounds like the end of the road for SUNW
"Sales of Oracle’s servers declined 11% in the period. Catz said the company has chosen to “downsize our low-margin legacy hardware business,” which Oracle acquired when it bought Sun Microsystems." Very sad to see a wonderful company the victim of... — read more
5k new autonomous DB trials in Q4
I almost fell out of my seat when I heard that! I would love to know how many of those trials are real. My BDC use to sign up anyone with a pulse including college interns and people that had absolutely no decision making power to influence any type... — read more
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?
Food for thought
Let's put aside our differences in opinions for a moment. I know there are those of you laid-off here and are unreachable. Most of the posts/predictions here are decidedly garbage. This message is for those who are on both sides of the fence. Oracle... — read more
Oracle stock is going to be just fine...
Still holding mine since 2010... Buybacks, a decent dividend, and tons of engrained relationships with Fortune 500 companies means there's no way this stock is going to drop 20% in the forseeable future. Think Wall Street will like the partnership... — read more
Israel Layoffs
Ravello / Israel - small cuts: US tech giant Oracle is laying off dozens of Ravello employees in Israel, sources have told "Globes." Ravello's development center in Israel has 70-80 employees, more than half of whom have been summoned to pre-layoff... — read more
Downgraded before earnings call
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!
Promotions and New Hires
It makes me laugh how negative some of you guys are on here. All I can say is that in the UK and EMEA there have been plenty of new hires and promotions in the Consulting Sales org and the Retail and Hospitality GBUs. I really don't see the doom and... — read more
Oracle to lay off dozens in Israel
https://en.globes.co.il/en/article-oracle-to-lay-off-over-half-ravello-employees-in-israel-1001290055
Layoffs at Oracle Ravello
Oracle acquired Ravello in 2016. The company provided a VMware to public cloud migration solution. They have been part of OCI since working on VM stuff and migration. About half the people (40-50) have been given notice.
Unofficial official layoff report 6/16/2019
No major layoffs this past week, total since 6/1/2016 remains at 24,186. Keep looking folks, keep looking.