Oracle misses quarterly revenue estimates
The Star Online - Tech·2024-03-12 08:00
(Reuters) - Oracle missed third-quarter revenue estimates on Monday, as an uncertain economic outlook and strong competition in the cloud-computing industry weighed on demand for its services.
The company posted revenue of $13.28 billion for the three months ended February 29, compared with analysts' average estimate of $13.30 billion, according to LSEG data.
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