Cloud
Oracle Reports Lackluster Results, Damping Cloud Enthusiasm
Oracle Corp. campus in Redwood City, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Oracle Corp. reported disappointing quarterly results and gave a sales and profit forecast for the current quarter that fell short of analysts’ estimates.
Fiscal third-quarter sales increased 6% to $14.1 billion, the company said Monday in a statement. Analysts, on average, projected $14.4 billion, according to data compiled by Bloomberg. Revenue from Oracle’s cloud infrastructure also missed estimates.