Trademagazin > News and articles > Company and Personal News > Oracle achieved lower-than-expected revenue
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.
![](https://trademagazin.cdn.webgarden.io/wp-content/uploads/2021/09/oracle.jpg)
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)
Related news
Inflation slowed in the United States in July
In July, inflation and core inflation in the United States…
Read more >The core inflation rate calculated without food and energy prices did not change on a monthly basis in the USA
A várakozások alatt alakult júliusban a termelőiárak emelkedése mind havi,…
Read more >American growth in the second quarter turned out to be better than expected
In the second quarter, the gross domestic product (GDP) of…
Read more >
More related news >
Related news
Henkel delivers good organic sales growth and very strong earnings improvement in first half of 2024
In the first half of 2024, Henkel recorded good organic…
Read more >PENNY stores only close on August 20th
You can conveniently do your shopping even on the holiday…
Read more >Resolution regarding the GVH procedure initiated against Szentkirályi Hungary
Yesterday, the Economic Competition Authority (GVH) announced in a press…
Read more >