I sat on what I think is my last Oracle Quarterly call and I was plesantly impressed and then I started to laugh. OCI is ki-ling it and our CPU and GPU consumptions are through the roof, like up 121%. So net net, we did better then the $1.74 perforance forecast of Wall Street and we actually delivered about $1.91 or something Excellent. So I pull up the PDF with the numbers and I noticed something in parenthesis (). When you look at accouting numbers, numbers in parenthesis means something negative or a loss. So it turns out we spend more than $5 billion then what came in. We made money, but spent more?? Where did the $5 billion come from.
Then it hit me. It was from the $40 billion dollar bonds they secured a few months ago, on top of the $100 billion Oracle already owes bond holders, so the problem is Oracle is still spending more then what their making and the CFO herself said they won't see a dent in the $660 billion RPO reseserved contacts, not until 2028 or 36 months at the latest. Then you take into account that $300 billion deal with from OpenAI who has yet to claim any profitablity yet despite have a net value of $900 billion. If OpenAI turns around and says no, what is half of $660 billion?
Maybe some of you have heard of Enron math? Well Enron math is live and kicking at Oracle. If it turns out that I am one of the fortunate ones to get laid off next week, I will be soooooo happy and I hope others will be happy as me when we reflect on how Oracle and management treat their employees -- we are just rows on an Excel sheet at the end of the day.
Good luck to everyone next week I am proud to say that I have worked with some of the most amazing people at Oracle. 10 years wow God bless everyone!!