Oracle Double Downs on their Cloud Strategy The last several months have been quite eventful for Oracle. In June Oracle changed the way they report their earnings and now their true cloud revenues are hidden. In July Oracle changed the name of their LMS audit team and created a new audit team called SIA (Software Investment Advisors) to help push their cloud agenda. In August Oracle was hit with a class-action lawsuit by the Firefighters Pension fund claiming investors were defrauded because Oracle cloud revenue was not real and was based on aggressive audit tactics. And now in September Oracle’s President and head of Cloud, Thomas Kurian, is reportedly being pushed out and has announced an extended leave of absence. Clearly, Oracle’s move to the cloud is not going as planned. Oracle’s customers are feeling the brunt of this turmoil as Oracle continues to push their cloud products even when customers do not want them. While many companies would revisit their go-to-market strategy given these obvious setbacks, we believe Oracle is doubling down on their cloud strategy as evidenced by their sales compensation models, audit activity, and sales practices. Whether you are moving toward Oracle products and services or away from them, it is more important than ever that you understand your contract and compliance positions with Oracle. This will enable you to make decisions based on what’s right for you and not based on what Oracle wants you to do. We’ve put together this newsletter, as well as our video series and blogs to provide companies of all sizes, industries, and geographies with some the information and tools to take back control of their Oracle relationship. Please stay tuned as we roll out new white papers and educational content over the course of the next few months to keep pace with Oracle’s activity. Oracle is constantly pushing their customers to spend more with Oracle and Palisade will constantly support our clients as they look to keep control of their Oracle spend. Regards, Upcoming Webinars Recent Blog Posts The Time for ‘Oracle Fatigue’ is Over Many of you signed deals with Oracle as part of Oracle's year end which requires your company to take action to maintain compliance. Feeding the Oracle Beast?Oracle often reminds us of the strange and aggressive plant which as long as it is “fed” often, it will stay relatively friendly. EMEA Trends: More Oracle Audits We did some research and found out that Oracle has expanded their audit staff to offshore countries such as Romania. Our Latest White Paper: Oracle's Cloud Credits Our Hidden Costs and Risks of Oracle’s Universal Cloud Credits white paper covers:
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