Oracle Corporation's weak results ignites fears among the investor community on the strength of technology industry and investments the corporations are going to make in the New Year.
From the results announced later part of Tuesday, it is clear that there have been delays in customers' buying decision and a major portion of the projected revenues could not be booked during Q3.
If this technology giant is struggling with the results, medium and small technology companies should be facing the heat too. Traditional and matured products could see less take from customers. Advent of cloud services must save lot of money for customers in database,storage and web enables services which is directly going to affect the tech spending usually seen in last few years for these giant tech vendors such as Oracle.
One a 10000 feet overview, It is high time they strengthen their service offerings and product ranges for cloud space.
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