Oracle Beats Estimates on Strong Cloud Results
Revenue from the Fusion and NetSuite Cloud ERP apps grew 33% and 21%, respectively, in Q2 as the shift to remote work continued.
Oracle Shares Slip as Q4 Sales Drop 6%
The software giant saw a drop-off in deals, particularly in industries most affected by COVID-19 such as hospitality and retail.
Oracle Misses on Sales Again Despite ERP Gains
The company's autonomous database and ERP products will “determine Oracle's future in the cloud,” CTO Larry Ellison says.
Oracle Reports Sales Miss, Co-CEO Taking Leave
Mark Hurd says he decided that he needed to spend time focusing on his health.
Oracle Shares Dip on Another Revenue Miss
"This market has no patience for any misses from tech companies, no matter how minor or how explainable the miss."
Market Sees Clouds Over Oracle’s Cloud Future
The company's shares drop more than 7% after its guidance for fourth-quarter cloud revenue misses analysts' expectations.
Oracle Shares Slip on Cloud Revenue Outlook
The company expects cloud growth of 39% to 43% in Q2, disappointing investors who are watching its efforts to catch up with Amazon and Microsoft.
Oracle Beats Estimates, Cloud Revenue up 63%
"Our pivot to the cloud is now clearly in full swing," Oracle co-CEO Safra Catz says.
Oracle Beats Q3 Estimates, Shows Cloud Growth
Oracle’s total cloud revenue in the quarter ended Feb. 29 rose 40% to $735 million.
Oracle CFO Catz Tapped as Co-CEO
Safra Catz will share chief-executive duties with Mark Hurd, but still focus on manufacturing, finance and legal operations.