I worked at a F500 company that used Oracle Cloud. Really impressive how their account executives were able to convince our IT department to go all in on OCI just because we used the Oracle database.
Oracle Cloud? It is all mostly exadata as a service and that expensive as hell. All other component services suck. The growth is coming because the Oracle database lynchpin and restrictive licensing policies. If you analyse the revenue, I think 3-5 customers make bulk of the revenue (Microsoft/OpenAI, X.ai being two of them). NVidia based revenue is not really a sustainable or real revenue stream.
So uh do we still get to keep our Free A1 VPS with 4 OCPU, 24GB RAM and 200GB Storage...??
If Oracle starts charging the dozens (tens of thousands?) of us that signed up for Pay-as-you-go just to be able to provision a VM, I'm deleting my account.
But in all seriousness, Oracle is a terrible company that has scammed governments and corporations. Not really surprised. Bryan Cantrill said it best [0]. Oracle is "morally bankrupt," Larry Ellison prioritizes profits over ethics and innovation. I'm not surprised if the stock price was forced to fall by Ellison because of his July sells [1]
1. He dumped $322 million (2.25 million shares) in mid July in TWO days signalling lack of confidence
2. These shares were spread out with different sizes, to probably minimize the market impact
3. The sells still pushed the stock prices down
4. Then the "cost-cutting" and OCI layoffs happen
Obviously correlation isn't causation, but Oracle clearly doesn't care about their cloud, just MONEY, HA!
Larry Ellison's Stock Sales - July 15-16, 2024
Date Quantity Price % Change Running Total
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Jul 16 87,127 $143.17 -0.01% 1,145,732,353
Jul 16 1,037,873 $142.53 -0.09% 1,145,819,480
Jul 15 579,765 $142.64 -0.05% 1,146,277,588
Jul 15 81,871 $143.45 -0.01% 1,146,195,717
Jul 15 237,491 $144.61 -0.02% 1,145,958,226
Jul 15 191,252 $145.34 -0.02% 1,145,766,974
Jul 15 34,621 $146.30 -0.00% 1,145,732,353
Oracle is really weird.
Their cloud offerings at hobbyist level is vastly superior to any of the big clouds. Just objectively better.
Yet they keep nuking hobbyist accounts with little rhyme or reason as to who gets hit. So nobody builds anything remotely serious on it.
Congrats Oracle, you've managed to get the worst of both world: Incur the cost of free tier while ensuring future high value customers don't trust it.