Oracle Shares Tumble After Earnings Miss—Larry Ellison’s Fortune Loses $15 Billion
Larry Ellison, Oracle’s billionaire co-founder, had his net worth cut by $15 billion Tuesday as the company’s stock paced its worst loss in nearly a year, after a recent earnings report that fell short of estimates, though analysts remained optimistic about the database software firm.
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, California, U.S., on Sunday, Oct. 1, 2017. Oracle shares had their steepest drop in a year on Tuesday following the company's disappointing earnings report.
Oracle has partnered with Meta to support the training and deployment of Meta’s Llama AI models using Oracle Cloud ...
Oracle's shares sank over 8% on Tuesday in premarket trading after its quarterly revenue fell short of expectations, hindered ...
Oracle Corp. reported quarterly revenue in line with estimates, disappointing investors who have boosted the stock by 81% ...
Oracle’s net income rose 26% from a year earlier, to $3.15 billion. Revenue from cloud services and license support sales ...
Despite cynical theories of slowdown, the Big 4 software giants’ growth is being rocket-fuelled by cloud migrations, as their ...
Shares of Oracle Corp. fell the most in a year after the software giant reported lukewarm quarterly revenue, disappointing ...
U.S. equities were edging upward around midday, bouncing back a bit after yesterday’s selloff, as the market awaits a key ...
Looking forward, Oracle stock is likely to find some support at $170. This round-numbered price level served as a launching ...
The Nashville Metro Government is implementing Oracle Fusion Cloud Applications for finance and HR to support its mission of delivering exceptional services to its growing population. With Oracle ...
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