https://www.zerohedge.com/news/2018-09-17/oracle-shares-tumble-after-revenue-miss
2 replies (most recent on top)
Great work Oracle making it to Zerohedge! Hopefully there's more awareness of what's going on at Oracle.
“Our channel checks suggest that Oracle is ‘losing people faster than [Oracle] can hire them’ and that customers continue to disapprove of Oracle’s sales tactics,” Pat Walravens, an analyst at JMP Securities, wrote in a note ahead of the release. These factors could have pinched the company’s performance, he wrote.
The company is also facing a shareholder lawsuit filed last month, alleging that Oracle used strong-arm tactics to coerce customers into adopting its cloud products. The suit, seeking class-action status, also alleged the software maker deceived investors about how it had increased cloud sales.
Spot on.