Claims that Oracle has misrepresented the nature of some of their cloud sales over the number of years has prompted lawsuits from shareholders. Some of these cloud deals weren’t all brought on by customer demand but instead by duress. In using their audit levers for on-premise licenses, Oracle would offer sweetheart deals to settle their audit claims so long as clients were willing to purchase cloud services even if those cloud services were not needed. UpperEdge’s Oracle Advisory Leader, Jeff Lazarto, highlights events around this case and Oracle’s cloud performance.
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