Oracle achieved lower-than-expected revenue
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)
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