PROUD to work for Oracle
Yesterday’s announcement and earnings report was stellar. First, I'm grateful that I'm employed and that the company is strong.
Second, there's a much bigger story that needs to be understood. In these economic times Oracle isn't, nor hasn't been, bilking customers and putting them under duress to serve ourselves. Sure, Oracle is a profitable company. Yes, that's what for-profit companies do.
But, not too long ago, our CEO challenged Oracle to save 1 billion dollars by using our own technology, leveraging our very products and “consuming our own products'”. That year, Oracle made difficult business decisions, but more so Oracle USED the technology we sold. And then, guess what? Oracle accomplished what it set out to do and then saved another billion dollars.
It's probably why Oracle has so much cash in the bank. Congress may come ask us for a loan. (I digress) It's why Oracle can afford not to finance our acquisitions.
Most importantly, Oracle took those measures (the same measures that the industry groups are just NOW advocating) and is reaping the benefits, and to the benefit of our shareholders. Who else is paying a dividend these days?
Oracle isn't the big, bad enemy.
Oracle has led and continues to lead the industry by USING our own products and leveraging that investment.
Oracle has proven that anyone’s Top 5 reasons to cut costs have to do with what Oracle already did years ago.
