Oracle cloud business growing while other units shrink
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Oracle's cloud business is expanding, but the company reported a slight miss on its fiscal second quarter revenue and adjusted earnings estimates. This has led to a decline in Oracle's stock price.
December 10, 2024 | 6:45 pm
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Oracle reported a slight miss on its fiscal Q2 revenue and earnings estimates, leading to a decline in its stock price. Despite growth in its cloud business, other units are shrinking.
Oracle's slight miss on revenue and earnings estimates is a negative indicator for investors, causing a decline in stock price. The growth in the cloud business is a positive sign, but the shrinking of other units adds to the negative sentiment.
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IMPORTANCE 80
RELEVANCE 100