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In addition to laying off 26 staffers out of its 340-strong workforce, the company warns that revenue won't be enough to support operations for the next 12 months, and is looking for financing.
Has to do with plans to defend its market dominance, says analysts.
Oracle (NYSE: ORCL) recently reported its second quarter results that were in line with the market's expectations. The company is focusing on making its products more focused on developers to improve its product adoption. Oracle's Financials Revenue for the third quarter grew 21% to $12.4 billion, in line with analyst estimates. Net income was $1.9 billion or $0.68 per share. Adjusted EPS was $1.22. The market was looking for an EPS of $1.20. Cloud services and license support revenues grew 20% to $8.9 billion. Cloud license and on-premise license revenues grew 4% to $1.3 billion. Ha...
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Oracle announced a free version of Oracle Database 23c. The new Oracle Database 23c Free Developer Release meets...