Oracle facing 'worst' quarter in 15 years?
One of the driving forces behind Oracle's three-year corporate buying frenzy has been to add customers to its roster by owning the 44 tech companies supplying them.
Problem is, you you can have all the customers under the sun but if they ain't spending on IT they ain't buying your products.
Now, it seems Oracle's $13bn plus M&A binge has hit its logical flaw, as Oracle is this month expected to report the worst quarter since the early 1990s - another recessionary period for those who can see past the dot-com crash of the early 2000s.
JMP Securities analyst Patrick Walravens reportedly said: "Our due diligence suggests that the February quarter was, in some respects, the worst Oracle has experienced in over 15 years. The tone of the commentary from our industry sources regarding new license revenue is the worst we have ever heard."
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