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Cloud Stocks: Oracle Builds on NetSuite with Next Technik Acquisition

Oracle (NYSE: ORCL) reported its second quarter results that failed to impress the market. The weaker than expected performance and outlook sent the stock falling 9% in the after-hours trading session. Oracle's Financials Revenue for the first quarter grew 5% to $12.94 billion, below analyst estimates of $13.05 billion. Adjusted EPS of $1.34 was better than the market's forecast of $1.32. Oracle's revenue from cloud services and license support revenues grew 12% to $9.64 billion, ...
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