menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Databases

>

Oracle sto...
source image

Insider

2w

read

129

img
dot

Image Credit: Insider

Oracle stock is down almost 8% after earnings miss and elevated cloud expectations

  • Oracle's stock fell nearly 8% after missing earnings estimates and issuing weaker guidance.
  • Oracle's cloud services, driven by AI demand, grew 12% in the last quarter, making up 77% of revenue.
  • Oracle expects revenue growth between 7% and 9% for the current quarter, below analyst estimates.
  • Oracle's stock has surged 80% this year, with a market value exceeding $500 billion.

Read Full Article

like

7 Likes

For uninterrupted reading, download the app