Oracle’s cloud biz heading in the wrong direction right now

Oracleannounced its quarterly earnings last night, detailing that its cloud business grew 32 percent to $1.6 billion in the quarter. That might sound good at first blush, but it’s part of three straight quarters of reduced growth — a fact that had investors jittery over night. It didn’t get better throughout the day today with Oracle’s stock plunging over 9 percent as of this writing.
When you consider that enterprise business is shifting rapidly to the cloud, and that th