On Friday, Oracle got a sell rating from Goldman Sachs, as the bank initiated coverage of 12 software companies.
Goldman Sachs said, “when we asked CIOs which vendors will gain or lose share in DX [digital experience] budgets, amongst all vendors, ORCL did not perform well,”.
According to the Goldman Sachs analysts, Oracle had a “net strength of negative 39%, defined as the percentage gaining share less the percentage losing share.”
They also mentioned that for several years Oracle has focused on organic development, and that it did not make any major acquisitions. The net result of this strategy, according to Goldman Sachs analysts, has been a “steady deceleration” in revenue growth from 4% in FY14-15 to 0.3% in FY20.