Oracle Tumbles 8%: ‘Cloud’ Gathers in a Big Way, Say Bull and Bear
Shares of Oracle (ORCL) are down $2.97, or over 8%, at $32.80, after the company last night missed fiscal Q4 estimates and projected revenue growth this quarter below consensus. On the conference call following the report, CEO Larry Ellison, and his co-COOs Safra Catz and Mark Hurd, said that a decline of 2% in new [...]
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