I have to believe that if the purported annual $5 Bn on cloud revenues, no more than $1 Bn are legitimate cloud revenues where the customers actually use oracle cloud products; with the $4 Bn plus being cloud credits that oracle extorted customers to purchase as a result of on-prem licensing audits, which these customers are not using, and which should be books as on-prem revenues. Any thoughts ?
2 replies (most recent on top)
There definitely hasn’t been $4B in cloud revenue PROVISIONED.
No amount of layoffs is going to solve this oracle cloud sales problem. In fact, layoffs will only serve to be a further setback .
Two thumbs and three commas; Netsuite alone generated $1 billion in revenue.