Similar Stories to Oracle's Cloud Sales Climb, But Forecast Disappoints on Bing News

Oracle Corp.’s shares sank 6.5% in late trading Monday after the company disappointed Wall Street with its guidance for cloud-computing revenue in the current quarter—the third-consecutive period it has done so.

Topics:  corp   wall street   cloud   
BING NEWS:
  • Cisco Rallies After Upbeat Forecast Shows Spending Recovery
    Cisco Systems Inc. gained about 5% in extended trading after giving a solid sales and profit forecast for the current quarter, indicating that customers are beginning to invest in their computer ...
    05/15/2024 - 11:15 am | View Link
  • Amazon CEO: 85 Percent Of ‘IT Spend Remains On-Premises,’ Gen AI Will Fuel AWS Cloud Sales
    Amazon is ranked No. 1 in global market share with 31 percent share, followed by Microsoft at 25 percent share, then Google Cloud at 11 percent share. AWS, for its part, generated $25 billion in sales ...
    05/7/2024 - 4:30 am | View Link
  • Amazon Posts Biggest Cloud Sales Growth in Year on AI Demand
    Amazon.com Inc.’s cloud unit posted the strongest sales growth in a year, a sign that the retailer’s most profitable unit is recovering from a slump as businesses resume spending on technology ...
    05/1/2024 - 2:33 am | View Link
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