Tag: Data Services

Oracle stock falls despite earnings beat, CEO expects to push more money toward cloud efforts

Oracle Corp. blew away expectations for earnings and sales to close out its fiscal year Tuesday, but shares dipped as executives revealed plans to spend more money developing Oracle’s cloud business. Oracle ORCL, -1.19% on Tuesday reported fiscal fourth-quarter earnings of $4.03 billion, or $1.37 a share, on sales of $11.23 billion, up from $10.44 […]

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Opinion: Oracle’s results may not justify investors’ big cloud optimism

The financial results from Oracle Corp. on Wednesday should have some investors wondering about its current lofty valuation. Oracle ORCL, -0.72% reported fiscal third-quarter results that were slightly better than Wall Street’s expectations, but its stock fell 5% in after-hours trading. It’s possible that after seeing the software giant on the cover of Barron’s last […]

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