Oracle's Cloud Push Faces Revenue Hurdle

Oracles stock plummeted eleven percent following a disappointing revenue forecast, with Q4 growth projected at six to eight percent, below analyst expectations. Despite missing revenue targets, Oracle exceeded earnings per share and announced increased spending on cloud infrastructure and AI. The company is expanding its cloud presence through partnerships and investments, with cloud revenue surging twenty-five percent in Q3.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.