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Oracle Q4’14 Financial Results – Focus on PaaS

oracle_q414

Oracle announced their Q4 Fiscal 2014 Financial Results this morning and the results were less than expected.  Oracle attributes these results to the transition to cloud.

Sales Transition

This article (http://www.bloomberg.com/news/2014-06-20/oracle-sales-profit-miss-estimates-amid-cloud-transition.html?cmpid=yhoo) has a quote from Oracle’s CFO on this transition.

“[Oracle Chief Financial Officer Safra Catz]… attributed lower revenue to the transition to cloud software, products for which the company recognizes revenue over the term of a subscription. With traditional software, Oracle recognizes revenue up front when it makes a sale.”

It is fairly clear that Oracle knows that cloud subscription services is the future and this is not a question of “if cloud will be a viable financ...

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