Oracle Reports Lackluster Results, Damping Cloud Enthusiasm

Oracle Corp. campus in Redwood City, California.

Photographer: David Paul Morris/Bloomberg
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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 statementBloomberg Terminal. Analysts, on average, projected $14.4 billion, according to data compiled by Bloomberg. Revenue from Oracle’s cloud infrastructure also missed estimates.