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Oracle Q4'14 Financial Results - Focus on IaaS - IaaSIsAFad.com (Infrastructure-as-a-Service)
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, …