Comment on Oracle Hits a Cloud Speed Bump

Oracle Hits a Cloud Speed Bump

Database giant Oracle (NYSE: ORCL) reported its fiscal third-quarter results after the market closed on Monday. It was clear on Tuesday morning that investors weren't happy. Oracle stock was down about 10% at midday, despite a big earnings beat and in-line revenue.Oracle's cloud business put up some solid growth numbers, but the company's guidance for the fourth quarter left a lot to be desired.

 

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