Oracle achieved lower-than-expected revenue

By: Trademagazin editor Date: 2021. 09. 14. 11:02

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Oracle achieved lower-than-expected revenue in the first quarter of its fiscal year, driven by fierce competition in the cloud services market.

Oracle fell short of analysts’ expectations

A Texas-based company posted sales of 9.73 billion USD, up 4 percent from a year before, in the quarter ended Aug. 31, according to a quick report released after Monday’s stock exhange closing. Analysts expected a slightly larger revenue of 9.77 billion USD. (MTI)