Investors Are Losing Patience With Oracle’s Opaque Cloud Growth

Shares of Oracle (NYSE: ORCL) recently tumbled after the tech giant posted mixed first quarter numbers and soft revenue guidance. Oracle's revenue rose just 1% annually (2% on a constant currency basis) to $9.19 billion, marking the company's slowest growth in seven quarters.The company expects that sluggishness to persist with flat to 2% sales growth (on a constant currency basis) during the second quarter, blaming a "tough comparison" to the prior year quarter's 5% constant currency sales growth.Image source: Getty Images.Continue reading

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