Oracle shares fall more than 10% on light cloud revenue
Publishing timestamp: 2023-12-12 11:16:24
Summary
Oracle's shares fell more than 10% after the company reported lower-than-expected revenue in its fiscal second-quarter earnings report. Analysts expressed concerns about the company's cloud revenue shortfall and its ability to build out its infrastructure quickly enough. However, some analysts remain bullish on Oracle due to recent deals and solid demand.
Sentiment: NEGATIVE
Keywords: business news, oracle corp, breaking news: markets, breaking news: technology, nvidia corp, technology, markets, advanced micro devices inc,
Source: https://www.cnbc.com/2023/12/12/oracle-shares-fall-more-than-10percent-on-light-cloud-revenue.html