Heads will roll: Rumor is more executive departures and cuts in TKs org to be announced soon

The earnings report will be Wednesday Sept 13th. Although I can't speak to earnings directly (fear of lawsuits) I can post the seeking Alpha post below. Its not the earnings report that has the top brass running about with their heads on fire, its the lack of cloud growth, and the scrutiny over the cloud numbers. The "hot potato" of the blame game was passed about and the final toss landed in TKs lap. Rumor is TK is getting full blame, and execs plan to use his departure as spin. Other execs and high ranking managers are getting let go with whole teams in short order. Expect a major shake up in TKs org.

Its not like they have a plan, they have someone to blame and they will report to the street that its being addressed. Oh, and no surprise here its the sales team that "inflated" the numbers. Shame on those liars. Those cheating sales people trying to deceive management with the support to cloud credit schemes they cooked up all on their own. The things these sales reps do just to get a bonus is shameful.

No worries the Exec team has things well in hand and those that can't deliver at Oracle are let go. TK was not able to effectively lead his org in the Pivot to the cloud, and he misinformed management. Rumor is TK and whole teams of developers that reported to him, and didn't make cloud happen will be let go.

Typically the street responds well to decent earnings, shake ups layoffs and yes even stock buy backs. Thats the plan. You heard it here first. Expect two more high level departures...

The Fundamentals are Average at Best

Over the last three years Oracle has seen its earnings grow by an average of only 5% per year, but it did see 11% earnings growth in the most recent quarter. When you consider the earnings growth other tech companies have experienced in recent years, this is below average earnings growth for the industry.

As far as its earnings growth compared to all other publicly traded companies, Investor’s Business Daily gives Oracle an EPS rating of 62. That means it has been outperformed by 38% of publicly traded companies in terms of earnings growth.

Sales for Oracle have been somewhat stagnant as well. The company’s sales growth over the last three years has averaged a paltry 2%. The most recent quarter showed sales growth of 3%, so it wasn’t much of an improvement.

The company’s profitability measurements are much better than its earnings and sales growth. The return on equity is 26.6%, the profit margin is 42.1%, and the operating margin is 36%.

https://seekingalpha.com/article/4205209-oracle-earnings-preview-recent-history-suggests-move-report

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Yeah, doy, the only question is the order and timing

Replace old M3 with young talents? Sounds like dev orgs need MH, the perfect CEO to carry out this kind task.

Why stop at M3? Why not all Ms and some old ICs too?

Is it possible to replace all nontechnical from M3 and above in TK org. The organization can easily find out the individual technical contribution made by the M3 and above by looking at the internal tool. 80% in org are surviving by showing numbers to there managers. If no such drastic measures are taken then the org will continue with the same phase keeping same old non contributing lazy people.

Agree, but this will not happen. Oracle is a doomed company. Get out and get a good job.

Is it possible to replace all nontechnical from M3 and above in TK org. The organization can easily find out the individual technical contribution made by the M3 and above by looking at the internal tool. 80% in org are surviving by showing numbers to there managers. If no such drastic measures are taken then the org will continue with the same phase keeping same old non contributing lazy people.

Who knew that running a large tech company was so complicated!

EOL'ed

Can you imagine how bad things are in the executive suite right now? Cloud growth numbers are abysmal no matter how you cook the books.

Everyone but Oracle has serious growth and good potential. Looks like Oracle should have invested in data centers instead of call centers. Who knew?

Looks like you cant run the entire company on recent grads and offshore all development, support and expect success.

It actually looks like the customer cares and is smart enough to know a bs cloud from a real cloud.

Who will replace TK? And what are the odds that a random person picked up off the street will do a better job?

ES should be on the hot seat as well, and in fact, should be creating a Fed Ex personal account so that he can proactively track RIF papers coming to his house soon. Seriously, he is "Chief Corporate Architect" and his house of Cloud is in shambles as are a number of botched acquisitions. Maybe he can record a self-RIFing monotone 60-second audio message to himself, too

I hurd its Yuri Frayman that is gonna replace TK. He was called into many meetings with Mr. MH over the past few weeks.

nonsense. Zenedge was a cloud security company... the CEO and CTO are no longer at Oracle... false rumor

I hurd its Yuri Frayman that is gonna replace TK. He was called into many meetings with Mr. MH over the past few weeks.

Leon Kuperman was probably in those meetings, he was the CTO. More likely the right candidate to replace TK. MH likes the young blood.

I hurd its Yuri Frayman that is gonna replace TK. He was called into many meetings with Mr. MH over the past few weeks.

Article is wrong according to oracle investor relations as stated below:

http://investor.oracle.com/events-and-presentations/default.aspx

Can confirm the rumors at least. TK is getting the blame and upper management / cloud teams are facing a big reorg.

Hiring an outsider is their only chance, and it's a slim one at best, but the problem is that it will take a lot of $$$ because nobody really wants to report the Gang of Three. If ES advances at all out the TK departure, that is the white flag and the sunset over Redwood Shores, right there. He's proved out to be a yes-man, not a leader.

Check Oracle Investor Relations, they report next Monday September 17 and will host their earnings call at 2:00 pm PT.

The article is wrong

Maybe ES will be axed via mass con call. Would that be a sweet bit of karma or what??

Rumor is cloud related dev and support teams get whacked hard.

If they put it under ES, they are doomed.

I hear they are major cuts in Customer Success as well. Rumor is CB is gone.

LOL at blaming the salespeople.

Report when? Wednesday sept 12th or Thursday sept 13th?

One-time tech darling Oracle (NYSE: ORCL) is set to report earnings after the market closes on September 12. The software company was once one of the most beloved and followed stocks, but its importance has dwindled in recent years. Even though its relevance has dwindled, the company still carries significant weight and is among the most widely held stocks.

Oracle reports on Monday, September 17 after the market closes.

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Heads will roll: Rumor is more executive departures and cuts in TKs org to be announced soon

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