Oracle's Cloud Revenue Soars by 45% But Fails to Meet Expectations - Shares Drop in Extended Trading
Oracle report and shares
Oracle Corp. has reported its fiscal third-quarter revenue, which increased by 18% to $12.4 billion, a figure that is just shy of analysts' average estimate of $12.41 billion.
The company's cloud revenue segment, which it h...
Tuesday trading
US stock indices closed mostly negative, a day before the Fed's expected 75 basis point rate hike. The Dow-30 and S&P500 fell for the fifth straight day, the longest streak since January.
At the close on the New York Stock Excha...
Report timetable
The S&P 500, Nasdaq Composite and Dow Jones indices ended Friday's trading down -0.79%, -1.66% and -0.53%. The Consumer Discretionary Sector, Financials Sector and Information Technology Sector were the worst performers.
The st...
Apple's capitalisation
Apple (AAPL) hit the $3 trillion mark in trading on Monday. The highest value on the US stock market today. Wall Street analysts point to Apple's record cash flow figures and share buyback programme on the list of arguments fo...
A great quarter for Oracle
Oracle (ORCL) continues to benefit from growth in cloud services. Oracle's Q2 FY2022 revenue and earnings report was above market analysts' estimates for Q3. 2022 and Oracle's outlook for Q3 w...
New data centres around the world
Oracle (ORCL) plans to open 14 data centres over the next year, the fastest growth of any major cloud company. Oracle shares have risen 47.3% since the start of the ...
The state of the company's stock
Salesforce (CRM) stock rose 7 percent on Thursday after the company raised its sales forecast for 2022 and 2023. Several analysts have raised ...
Oracle's report
Oracle (ORCL) shares fell 1.9 percent after the report as the company reported quarterly earnings below analysts' average expectations. Oracle continues to grow its cloud business by increasing inve...
Falling on the premarket
Oracle shares fell 5.1% on the New York Stock Exchange's premarket after Oracle predicted its earnings for the current quarter would be below expectations as it ramps up investment in its cloud computing business to&nbs...
Falling company shares
Oracle shares fell 4.6% after Tuesday's close as the company announced it would double its capital investment in cloud services this fiscal year to nearly $4bn. This will have an impact on earnings.
Oracle (ORCL) on...
New chip with artificial intelligence
Intel on Tuesday unveiled its "new scalable chip with embedded artificial intelligence", the 3rd generation Xeon Scalable, which can be used in local servers, peripheral computing devices, da...
Ten-year trial
The US Supreme Court ruled on Monday that Google's use of some 11,500 lines of Java code from Oracle for Android is fair use and does not violate copyright law.
Shares in Alphabet (GOOGL, GOOG), Google's parent company, rose 4.2% on ...
Oracle's report and forecasts
Oracle shares fell on Wednesday after the close of trading as the company gave a fourth-quarter outlook below analysts' expectations. However, Oracle's revenue and profit growth accelerated in the third quarter and the ...
TikTok business
The Committee on Foreign Investment in the United States (CFIUS) has postponed the deadline for Chinese ByteDance (BD) to sell U.S. transactions of its popular short video-sharing service TikTok for another 15 days, The Wall Street J...
Companies rating
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