SoftBank founder Masayoshi Son speaks in futuristic terms about his company, but the success of his late-stage VC fund is still unknown.Technologyread more
Reports of Tesla vehicles spontaneously catching fire could make customers wary of EVs just as the industry ramps up production plans.Autosread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
The 2019 PGA Championship wraps up on Sunday, May 19. Here's how much money the champion will earn.Earnread more
Trump's relationships with Deutsche Bank have drawn scrutiny in Congress and elsewhere. Trump sued the bank last month to prevent it from complying with Congressional...Financeread more
Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
The outrage has even inspired a Change.org petition called "Remake Game of Thrones Season 8 with competent writers," with over half-a-million signatories and climbing.Entertainmentread more
The move comes after star runner Alysia Montaño's May 12 op-ed in the New York Times in which she detailed her experiences with Nike.Retailread more
Cloud represents a growth opportunity for Oracle, which gets much of its revenue by selling software that's meant to run in companies' data centers. The situation is similar at other enterprise software companies, like IBM and Microsoft.
Oracle faces formidable competitors in the cloud — including Amazon, Google and Salesforce — and in the past few quarters, the public has been able to see how fast Oracle's cloud business is growing in different markets. That will be harder to do now, as Oracle stopped specifying revenue for important segments like cloud platform as a service and infrastructure as a service, along with cloud software as a service.
"While we continue to believe the cloud transition is progressing and will be positive for results, we believe that this change frankly does not help investors or the story," Bernstein analysts led by Mark Moerdler wrote in a note to clients on Wednesday. "Software is moving to the cloud, and without explicit, easy to understand, non-changing data, it is going to be difficult for investors to correctly appraise the more valuable recurring Cloud businesses."
Executives did say that Oracle produced $1.7 billion in total cloud revenue in its fiscal fourth quarter. But Stifel analysts led by Brad Reback said in a Tuesday note that they simply couldn't figure out how much software, infrastructure and platform as a service — known as SaaS, IaaS and PaaS — contributed.
"While Oracle's stable maintenance base is a cash cow, we believe the company is rapidly losing share in the most interesting areas (PaaS/IaaS) of infrastructure software," they wrote.
But then again, it's hard to know for sure, because the numbers aren't public anymore.
That reduction was a factor in Piper Jaffray analysts led by Alex Zukin lowering their target multiple for Oracle in their Wednesday note. And Evercore analysts led by Kirk Materne on Wednesday pointed to the move to obscure the SaaS business when they lowered their price target on Oracle stock from $57 to $53.
Taken together, the changes "attempt to shift the narrative away from the cloud," JMP analysts Patrick Walravens and Mathew Spencer said in their Wednesday note.
Oracle traded 7 percent lower on Wednesday.