> ...pipeline for on-premise licenses is drying up quickly but their SaaS business is doing well...
I hear they are desperately pushing new cloud offerings, but they are having lots of problems with customer retention, as their cloud technology is really not ready so they are actually just selling hosted versions of the existing products that lack any cost advantage.
> they are actually just selling hosted versions of the existing products
Ha, if that were true, it wouldn't even be that bad. In the niche I work for, what they sell is not even as powerful as their existing on-premises product.
Not that it matters: they simply won't sell or even develop new on-premises, so you either go to their crappy cloud services or you just migrate away. There are now entire companies based on "move your existing Oracle solutions to our product with the minimum fuss and enjoy real power, not a cut-down version of what you already had three years ago".
I hear they are desperately pushing new cloud offerings, but they are having lots of problems with customer retention, as their cloud technology is really not ready so they are actually just selling hosted versions of the existing products that lack any cost advantage.