Posts in "BigCo"

Oracle losing legacy software sales, growing (public?) cloud sales

Once again, the key metric of new software license sales was off—falling 19% to $1.35 billion compared to last year, and missing analysts’ expectations of $1.44 billion. On the other hand: “Our cloud revenue will be larger than our new software license revenue next fiscal year, when the transition will be largely complete.” And: “Our cloud applications goal is to be the world largest and most profitable SaaS company.

Oracle losing legacy software sales, growing (public?) cloud sales

Once again, the key metric of new software license sales was off—falling 19% to $1.35 billion compared to last year, and missing analysts’ expectations of $1.44 billion. On the other hand: “Our cloud revenue will be larger than our new software license revenue next fiscal year, when the transition will be largely complete.” And: “Our cloud applications goal is to be the world largest and most profitable SaaS company.

Oracle losing legacy software sales, growing (public?) cloud sales

Once again, the key metric of new software license sales was off—falling 19% to $1.35 billion compared to last year, and missing analysts’ expectations of $1.44 billion. On the other hand: “Our cloud revenue will be larger than our new software license revenue next fiscal year, when the transition will be largely complete.” And: “Our cloud applications goal is to be the world largest and most profitable SaaS company.