Oracle shares slide as revenue misses estimates
Publishing timestamp: 2023-12-11 17:57:22
Summary
Oracle's fiscal second-quarter revenue and quarterly revenue guidance fell short of Wall Street expectations, causing a drop in Oracle shares. While revenue grew 5% year over year, it was lower than expected. Oracle's revenue from cloud services and license support also fell below expectations. The company did announce new partnerships and acquisitions during the quarter.
Sentiment: NEGATIVE
Tickers: MSFT, AMZN, ORCL, NVDA,
Keywords: business news, oracle corp, earnings, breaking news: technology, enterprise, microsoft corp, amazon.com inc, nvidia corp, technology, breaking news: earnings, business,
Source: https://www.cnbc.com/2023/12/11/oracle-orcl-q2-earnings-report-2024.html