The stock is at all time high - how do you guys (the ones who complain a lot) explain this? Given how badly LE messed up (in your view), how come that the company has a 200 Billion dollars market cap... One of the largest companies in the world, minting money btw...
Give me a break...
How much of oracle's reported cloud revenues are plain regular revenues - mostly license renewals - that have been converted into 'cloud' revenues through some sleight of hand, while in reality continuing to be payments for non-cloud stuff? My guess 75% of the reported cloud revenues. Is that material? And does that explain the share price and the coming share price crash - can only play this game for so long before people catch on to it.
How much stock do you have to be proud of? It is a pitty that you do not know the investor briefing is orchestrated and manipulated. License sales and resultant support revenue tanks year after year. Cloud revenue is 100% as it started recently from Zero.
In one word, bubble.
@OP: Yes. You are right. Stock price IS EVERYTHING. Companies never meddle with their accounts or inflate their results while they are imploding. The stock price is going up because MH and SC are the most ethical people and they are truly turning the company around. Oracle is creating a silent tech revolution in the valley.
And also, the people who read layoffs.com are in jobs that are securely theirs for life. They have every reason to be positive.
https://venturebeat.com/2016/06/01/oracle-sued-by-whistleblower-over-cloud-accounting-practices/
(Reuters) – Oracle was sued on Wednesday by a former senior finance manager who claimed she was terminated in retaliation for complaining about improper accounting practices in its cloud services business.
Blackburn said her bosses instructed her to add millions of dollars of accruals for expected business “with no concrete or foreseeable billing to support the numbers,” and that executives above her added accruals on their own.
Blackburn said Oracle terminated her employment last Oct. 15, just one month after the alleged wrongdoing began, and two months after she received a positive performance review.
Now, how much will oracle be worth once it becomes clear that these so called cloud revenues are anything but cloud, just cloud washing? Just asking
Stock market is purely irrational exuberance and it's only the directors and managers who are raking it in with smug smiles on their faces . Oh there's a thought - you must be one of them
The worker bees in Romania and China and the US are getting screwed but I guess you don't care . Negativity = reality not alternative facts
Here here! Oracle is a great company. Lead by great people who make lots of money. Anyone who works at Oracle should consider themselves lucky. Lucky to have a job.
Stock market is 100% manipulated to create "wealth"
This is news, circa 1998.