Taking the Spin Out of Oracle’s “Growth” and What It Really Costs You

 As we are well into calendar Q4, several tech companies have announced layoffs and cutbacks as they prepare to weather inflation and the impending recession storm.  Despite all the great news coming out of Oracle from their Q1 2023 report (announced September 12, 2022), they have been laying off employees throughout the course of 2022 on the heels of their Cerner acquisition in their quest to cut $1B in cost in the name of synergy.  Somewhat surprising to us; however, is that they are also laying off from their OCI group (Oracle Cloud Infrastructure).  Given their claims of robust cloud growth that they talk about to Wall Street in their Q1 results, this is surprising.  Or is it? 

Anyone who has done a deal with Oracle in the past 5 years knows that cloud is the answer to almost every question.  If you listen to Wall Street, Oracle’s cloud has been experiencing outsized growth.  While Oracle’s cloud offerings have come a long way, the level of growth is overstated, if not feigned all together.  Oracle’s true gift is the ability to use ‘growth’ numbers to create a story of organic growth based on innovation and superior products. 

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