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Oracle's Disappointing Sales and Revenue Results Cause Stock Slide

1 min read
Source: Bloomberg
Oracle's Disappointing Sales and Revenue Results Cause Stock Slide
Photo: Bloomberg
TL;DR

Oracle Corp. reported disappointing sales growth in its cloud computing business, with cloud revenue rising 25% in the latest quarter, compared to a 30% gain in the previous quarter. This slowdown has raised concerns among investors about Oracle's ability to compete in the competitive cloud market. The company remains optimistic, citing strong customer demand.

Topics:businesstechnology#cloud-computing#competitive-market#investor-concerns#oracle#sales-growth#technology
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  1. Oracle (ORCL) Sales Disappointson Slowing Cloud Momentum  Bloomberg
  2. Oracle shares slide as revenue misses estimates  CNBC
  3. Oracle revenue misses, shares fall (NYSE:ORCL)  Seeking Alpha
  4. Oracle stock falls after reporting mixed Q2 results  Yahoo Finance
  5. Oracle's stock gets slammed as revenue comes up a bit short  MarketWatch

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