Oracle stock is down after earnings miss and elevated cloud expectations
The software giant reported $4.21 billion in profit, or $1.47 per share, for the three months that ended in late November.
Oracle’s rampant cloud growth wasn’t enough for Wall Street, and its stock slides after-hours
Oracle’s net income rose 26% from a year earlier, to $3.15 billion. Revenue from cloud services and license support sales increased 12%, to $10.8 billion, accounting for 77% of the company’s total, while sales of cloud and on-premises licenses inched up 1%, to $1.2 billion.
Oracle stock sinks amid earnings miss, higher spending forecast
Oracle stock dropped after a quarterly miss collided with elevated expectations, a trend recently seen with other high-flying tech stocks.
Oracle slides as it misses Wall Street revenue targets on tough cloud competition
The cloud computing company is on track to lose about $45 billion in market capitalization at current share price levels of $174.14, as per LSEG data. Oracle has been significantly investing in establishing new facilities,
Oracle slides as revenue target miss spotlights tough cloud competition
Oracle's shares tumbled more than 9% on Tuesday after its quarterly revenue fell short of Wall Street expectations, signaling investor concerns over fierce competition in the cloud business amid booming demand from AI service providers.
Oracle Stock Is Dropping. Why Wall Street Is OK With an Earnings Miss.
Analysts are saying software firm Oracle's revenue and earnings miss in the latest quarter were largely due to currency headwinds.
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Oracle CEO Catz Predicts $25B In Cloud Revenue This Fiscal Year
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Every Oracle Stock Investor Should Watch This Key Number in December
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Oracle shares head for worst day of 2024 after earnings miss
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, ...