Oracle blames revenue fall on new sales staff

Doug Woodburn
clock

Hardware business continues to tank as cloud and new subscription sales disappoint

Oracle's share price plunged eight per cent last night as the vendor missed quarterly sales expectations by a country mile. The vendor blamed the shortfall on poor sales execution by new sales s...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
Oracle Q3 2024: Ellison says 'AI infrastructure business is booming'

Vendor

“We've got at least 40 new AI bookings that are over a billion dollars that haven't come online yet,” Oracle CEO Safra Catz said

clock 12 March 2024 • 4 min read
Oracle Q1: CTO Ellison calls GenAI 'a boon' to database business

Vendor

“You can’t build any of these AI models without enormous amounts of training data”

clock 13 September 2023 • 6 min read
Big vendors cash in on Cohere's AI platform as company announces $270m series C funding

Vendor

A plethora of big vendors including NVIDIA and Oracle have funded Cohere’s platform with the aim of bringing AI to enterprise businesses

clock 13 June 2023 • 2 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Vendor

Cloud sustainability: Greater transparency needed as the channel makes progress on Scope 3

Cloud sustainability: Greater transparency needed as the channel makes progress on Scope 3

From a partner perspective, the more data we have to share, the more we'll use it creatively," says Chris Bunch, CEO of cloud consultancy D55

clock 25 April 2024 • 3 min read
Rubrik completes IPO, boosting fundraise to $752m

Rubrik completes IPO, boosting fundraise to $752m

The data security firm becomes the first cybersecurity vendor to go public in more than two years.

Kyle Alspach
clock 25 April 2024 • 2 min read
IBM confirms $6.4bn HashiCorp purchase by year's end

IBM confirms $6.4bn HashiCorp purchase by year's end

‘HashiCorp has a proven track record of enabling clients to manage the complexity of today’s infrastructure and application sprawl,’ says IBM CEO Arvind Krishna

Wade Tyler Millward
clock 25 April 2024 • 3 min read