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Oracle Experiences Disappointing Gross sales on Slowing Cloud Momentum

Oracle Experiences Disappointing Gross sales on Slowing Cloud Momentum
December 12, 2023



Oracle Corp. reported slowing quarterly gross sales expansion in its cloud computing trade, fueling investor fears that the device maker’s enlargement efforts haven’t begun to achieve floor within the aggressive marketplace. The stocks fell about 8% in prolonged buying and selling.Cloud earnings rose 25% to $4.8 billion within the length ended Nov. 30, after a 30% achieve within the earlier quarter. It was once the second one consecutive quarter of slowing expansion.

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