Boston, MA 09/18/2014 (wallstreetpr) – According to reports, Oracle Corporation (NYSE:ORCL)‘s sales force turmoil can affect its expected results for fiscal 1Q2014. The company is set to announce its financial results on Thursday, but there is not much hope left for sales partners. As per the information revealed by one of the sales partners of ORCL to Trade Journal CRN in the last month, 1QFY2014 results are not going to outperform investors’ expectations at any cost. According to him, the main reason behind it can be the poor cloud strategy of Oracle Corporation (NYSE:ORCL).
Sales Force Turmoil:
A lot of top management executives of Oracle Corporation (NYSE:ORCL) have left the company over the past few months. In the month of June, Adrian Jones left the company. He was head of ORCL’s Asia Pacific sales. As per the reports, he decided to quit due to a good offer given by Symantec Corp, which he couldn’t refuse to accept. Apart from him Matthew Mills, Sales Head of North America ORCL also left the company in the previous month. He was with the company for twenty-one years. The main reason behind his resignation is the decision of ORCL to turn down his request for taking complete control over Oracle’s application business. He was considered as one of the strongest pillars of Oracle Corporation (NYSE:ORCL)’s sales department; hence, his resignation created buzz around the industry.
Kevin Buttigieg of MKM Partners said that he was a great salesman and would surely affect company’s future prospects. According to him, the main reason behind company’s decision to turning down his request could be weak trends in database business. Apart from this, company might have felt that an execution risk could arise in the same quarter if he took over the application business. Other senior management executives of Oracle Corporation (NYSE:ORCL), who have decided to take a different boat include Anthony Fernicola, Mitch Breen, Judson Althoff, Stephen Boyle and Patrick Dennis.
