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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, missing the consensus of $9.71 billion. Revenue from cloud and on-premises licenses fell 18% to $1.1...
Oracle database services running on Oracle Cloud Infrastructure are deployed directly in Microsoft Azure datacenters AUSTIN, Texas, Dec. 13, 2023 ...
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