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Oracle Forecast Trails Estimates as Cloud Rivals Hover

Oracle Corp. issued a weaker-than-projected outlook for the remainder of the year, warning that it still has to close big corporate deals to remain on course.

The largest maker of corporate-database software predicted that profit, excluding some items, for the fiscal second quarter will be 64 cents to 69 cents a share. Oracle would have to reach the top of that range to match analysts’ 69-cent average projection, according to data compiled by Bloomberg.