Oracle comes up short on revenue but touts AI cloud contracts
Publishing timestamp: 2023-09-11 16:25:09
Summary
Oracle's fiscal first-quarter revenue was slightly lower than expected, causing a 5% drop in the company's shares. While some segments, such as cloud services and license support, performed well, others, like cloud license and on-premises license, declined. Oracle announced new database hardware and artificial-intelligence features during the quarter.
Sentiment: MIXED
Tickers: GOOGL, ORCL, MSFT, AMZN,
Keywords: business, technology, breaking news: technology, breaking news: earnings, amazon.com inc, business news, oracle corp, alphabet inc, earnings, microsoft corp, enterprise,
Source: https://www.cnbc.com/2023/09/11/oracle-orcl-q1-earnings-report-2024.html