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Is Oracle cooking its cloud books?

Steven J. Vaughan-Nichols | June 28, 2016
It has always had trouble getting customers to buy into its cloud, but the scope of the problem may have been badly underestimated.

In other words, Oracle is just trying to pour its old licensing wine into new cloud bottles.

Oracle, however, isn't presenting it that way to its investors. If you buy Blackburn's account, Oracle is pretending to have more cloud revenue than it really has by moving revenue from licensing streams into its cloud accounts. The net effect is to make Oracle sound like a bigger cloud player than it is.

It seems to me that Oracle is playing fast and loose with its accounting. Like so many other whistleblowers before her, Blackburn was caught in the crossfire between what a business is really doing and what it says it's doing.

Source: Computerworld US

 

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