Oracle Says Quarterly Cloud License And On-Premise License Revenues Were Down 10% In USD, Down 11% In Constant Currency
Portfolio Pulse from Bill Haddad
Oracle has reported a 10% decrease in its quarterly cloud license and on-premise license revenues in USD terms, and an 11% decrease in constant currency terms.
September 11, 2023 | 8:08 pm
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NEGATIVE IMPACT
Oracle's quarterly cloud license and on-premise license revenues have decreased by 10% in USD and 11% in constant currency.
Oracle's revenues from cloud and on-premise licenses, a significant part of its business, have decreased. This could negatively impact the company's overall financial performance and potentially its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100