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 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.
Larry Ellison, Oracle’s billionaire co-founder, had his net worth cut by $15 billion Tuesday as the company’s stock paced its ...
Oracle has partnered with Meta to support the training and deployment of Meta’s Llama AI models using Oracle Cloud ...
The software giant reported $4.21 billion in profit, or $1.47 per share, for the three months that ended in late November.
Oracle Corp. reported quarterly revenue in line with estimates, disappointing investors who have boosted the stock by 81% ...
Looking forward, Oracle stock is likely to find some support at $170. This round-numbered price level served as a launching ...
U.S. equities were edging upward around midday, bouncing back a bit after yesterday’s selloff, as the market awaits a key ...
Oracle shares fell Tuesday morning after the database software company issued disappointing quarterly results.
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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