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Cloud Stocks: Oracle Stumbles, but Remains Focused on AI

Oracle (NYSE: ORCL) recently reported its first quarter results that failed to impress the market. The miss in the revenue performance and outlook sent the stock falling 9% in the after-hours trading session. Oracle's Financials Revenue for the first quarter grew 9% to $12.45 billion, slightly below analyst estimates of $12.47 billion. Net income was $2.4 billion or $0.86 per share. Adjusted EPS was $1.19. The market was looking for an EPS of $1.15. Cloud services and license support revenu...
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