Oracle's stock slides as revenue and guidance come up short
Oracle's stock slides as revenue and guidance come up short - SiliconANGLE
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Oracle's stock slides as revenue and guidance come up short - SiliconANGLE
The Oracle ORCL fiscal 2024 2Q earnings call features CEO Safra Catz and CTO Larry Ellison explaining that a cloud revenue miss was not due to a lack of demand.
Oracle (NYSE:ORCL) is an interesting story for more reasons than 1 and 1 of those reasons is its position within the reporting cycle.
Excluding acquisitions, Oracle's revenue is growing slowly, even with a booming cloud business.
Oracle (NYSE: ORCL) shares rose about 4% during after-hours trading Monday following the report of fiscal second-quarter earnings that topped analysts' expectations.