“Cloud washing” is back. It’s the practice of inflating financial results for a company’s cloud business, usually by redefining existing services and products to fit the cloud umbrella. The SEC accused IBM of cloud washing its financial results several years ago. And some have criticized Microsoft for nebulous cloud financial reporting.
Now Oracle is facing a lawsuit from a former senior finance manager, Svetlana Blackburn, who claims she was fired for not going along with its cloud washing. (Oracle denies any cloud washing and has countersued Blackburn for malicious prosecution.)
