Some cloud software customers aren’t paying their bills. The latest round of quarterly reports in the past two months confirmed that the sharp economic hit from the coronavirus pandemic has forced some companies to seek extensions or new terms to their software contracts. This has affected companies ranging from small to gigantic. Oracle on Tuesday reported a “drop-off in deals” and delays in customer payments for its fiscal fourth quarter ended May 31. The fiscal quarter’s timing gave the company...

Source: Wall Street Journal June 18, 2020 11:03 UTC