Oracle (ORCL) Offers Q2 Guidance
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September 17, 2018 4:14 PM EDT
(Reuters) - Oracle Corp (NYSE: ORCL) on Monday reported first-quarter revenue that narrowly missed analysts' estimates, suggesting that the business software maker was struggling to make inroads in the highly competitive cloud computing market.
Shares of Oracle fell 4 percent to $47.30 in extended trading as the company's biggest unit, which houses its cloud services business, also reported disappointing sales.
Revenue in its cloud services and license support business rose 3.2 percent to $6.61 billion, falling short of the average analyst estimate of $6.71 billion, with the co-Chief... More
September 17, 2018 4:06 PM EDT
Oracle (NYSE: ORCL) reported Q1 EPS of $0.71, $0.02 better than the analyst estimate of $0.69. Revenue for the quarter came in at $9.2 billion versus the consensus estimate of $9.31 billion.
The Board of Directors increased the authorization for share repurchases by $12.0 billion. The Board of Directors... More
