Latest SEC filing: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001341439/35a1d4a1-31e7-4358-99d3-c2d0a981e4a5.pdf
From page 18:
$342 million of restructuring costs (employee severance) in the next 3 months .
$224 million in Cloud and license.
$7 million in Hardware.
$17 million in Services.
$94 million in Other.
That’s true, sounds like they’re claiming they spent less than they had put aside for the restructuring.
Not saying they have to spend all of it
"It is actually on page 20, $927 by end of year, $585 so far.
I wish it was not the case :(
Or is there more than "restructuring" than just severance?"
But it's not there on page 18/20 is it, what's the specific text. The text says the money's there but it doesn't say it needs to be spent by the end of the year.
"Where does it say anything about the $342 in the next 3 months?
It says they expect to incur some of it in the remainder of the fiscal."
It is actually on page 20, $927 by end of year, $585 so far.
I wish it was not the case :(
Or is there more than "restructuring" than just severance?
Where does it say anything about the $342 in the next 3 months?
It says they expect to incur some of it in the remainder of the fiscal.
Well, I guess June will be the bloodbath....
While we gird our loins, do we know what the other “94mil” could be?
Most likely, Admin, Legal, HR ....etc
Major downsizing old Oracle to focus on the new O: Cloud, Cerner and AI.
Size is no longer important, profit matters, out with the waste.
While we gird our loins, do we know what the other “94mil” could be?
Crazy. Oracle becoming a healthcare company everyday.