Oracle Stock Bounces Back From Earnings Report; Cloud Issues Linger [Investor's Business Daily]
Salesforce, Inc. (CRM)
Last salesforce, inc. earnings: 2/25 04:06 pm
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Source: Investors Business Daily
Related news Oracle ( ORCL ) stock fell Tuesday following its quarterly earnings report late Monday that missed estimates, with company guidance that failed to excite, as struggles with a transition to cloud computing continue. X Oracle stock was down as much as 4% in early trading but regained ground. During afternoon trading on the stock market today Oracle stock was up 0.3%, near 49.32. After the market close Monday, Oracle reported fiscal first-quarter results that slightly missed revenue estimates. Oracle has now missed sales views in seven of the past 13 quarters. The company beat predictions on adjusted earnings, attributed to tax cuts and stock buybacks. Oracle estimated revenue for the current quarter of about $9.5 billion, down 1% from the year-ago quarter. It expects adjusted earnings of 78 cents, up 12%. Oracle is undergoing a shift in its product portfolio . It's moving away from a traditional model of licensing and maintenance to a subscription-based business
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