I often hear on blind that Oracle and IBM suck. However, both continue to be extremely profitable year after year. Meanwhile, several darling companies for whom many blind users work are nowhere near as strong. What makes these companies with weaker financials so great? Does anyone even think about their employer's financials beyond the impact on stock price? I want to make clear I am not defending Oracle. I am well aware of Oracle's problems and reputation.
Don't forget, most blind peeps are engineers too. Profitability might be just a word to them
Also growth prospects gets factored in the valuation and compounding is powerful
both oracle and IBM are not innovating hence they are not technology company. Also they pay less since they are not really after the best talent for innovation.
profitable doesnt define a company. if the product is a good cash cow, you dont need talent to milk it.
There is a saying that if you are not growing then you are dying. Mature companies, even if profitable often aren't growing much or at all and are at higher risk of becoming irrelevant or facing innovators dilemma to survive. Generally speaking the best people of their profession, who actively manage their career, steer toward places with higher growth prospects because where there is growth there is opportunity (developmentally, promotions, new or different responsibilities or skill sets, higher compensation if successful exit, etc). This often could be a startup or In a growing sector where the company has not hit a ceiling. People drawn to these companies are comfortable with higher degree of risk as well. Typically In mature organizations, there's more risk aversion and often an established pecking order and saturation of talent as you look up so it's harder to grow based on merit versus working the system or waiting for someone to die.
today's profitability is tomorrow's stagnancy. Kodak and Xerox were super profitable at one point too.
Because their revenues are consistently falling and they haven't embraced the consumerization of IT
This problem can be translated to "enterprise vs consumers company". Blind gives more love to the later.
good point