Oracle stock poised for steepest drop since 2002 on weak forecast
Oracle shares plunged on Tuesday after the software maker missed analysts' estimates on revenue and issued weak guidance.
Source: cnbc.com
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Oracle Cloud: Oracle sees revenue below estimates as cloud spending sputters, ET Telecom
Oracle Cloud: Still, analysts have said that the rise in adoption of artificial intelligence (AI) applications could boost Oracle's cloud infrastructure business because the advances made in its networking technology are more suited to take on AI workloads.
Source: indiatimes.com
Oracle Misses Q1 Expectations Projects Slower Growth Amidst Cloud Challenges
The company faced headwinds as a tough economic environment weighed on cloud spending by businesses, , oracle
Source: businessworld.in
Oracle shares plunge as cloud spending sputters
A tough economy has pressured cloud spending by businesses, sending Oracle's shares down 9%.
Source: techcentral.co.za