Oracle revenue falls short of expectations as cloud competition rises

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Oracle revenue falls short of expectations as cloud competition rises

Reuters2021-09-14

Sept 13 (Reuters) - Enterprise software firm Oracle Corp fell short of Wall Street expectations for first-quarter revenue on Monday, hurt by competition in the cloud computing space. Shares of the ...

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JoelLee
·2021-09-14
Reply and comment pls thx
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- JoelLee:
  Gahahahshhsgwhww
  2021-09-14
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mikie
·2021-09-14
??
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兔气扬眉
·2021-09-14
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2021koon
·2021-09-14
Buy on dip!
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Rickyt089
·2021-09-14
Like pls
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- 兔气扬眉:
  K
  2021-09-14
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stingray102
·2021-09-14
Ok
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stingray102
·2021-09-14
Ok
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lowniu
·2021-09-14
Like please. Thx
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- stingray102:
  ok
  2021-09-14
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- pat123:
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  2021-09-14
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Wafu
·2021-09-14
Please like
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- Mclye:
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  2021-09-14
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Analysts were expecting revenue of $9.77 billion, according to IBES data from Refinitiv.</p>\n<p>But revenue at Oracle's cloud license and on-premise license support was down 8% at $813 million during the first quarter.</p>\n<p>Excluding items, Oracle earned $1.03 per share, topping analysts' expectations of 97 cents per share.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oracle revenue falls short of expectations as cloud competition rises</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOracle revenue falls short of expectations as cloud competition rises\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 04:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-oracle-misses-quarterly-revenue-201709076.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sept 13 (Reuters) - Enterprise software firm Oracle Corp fell short of Wall Street expectations for first-quarter revenue on Monday, hurt by competition in the cloud computing space.\nShares of the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-oracle-misses-quarterly-revenue-201709076.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/1-oracle-misses-quarterly-revenue-201709076.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2167533381","content_text":"Sept 13 (Reuters) - Enterprise software firm Oracle Corp fell short of Wall Street expectations for first-quarter revenue on Monday, hurt by competition in the cloud computing space.\nShares of the Austin, Texas-based company once slid about 3.3% in extended trading.\nAnalysts say Oracle, whose shares have risen about 40% this year, is well positioned to benefit from cloud computing but a crowded space of rivals, including Microsoft Corp's Azure, Amazon.com Inc's Amazon Web Services, Salesforce.com and IBM Corp, will keep the heat on the company.\n\"Expectations would be for revenue forecasts to continue moving higher,\" said Jack Andrews, analyst at Needham & Co.\nTo bolster its footing in the cloud computing space, Oracle, which counts Zoom Video Communications as one of its customers, has been ramping up investment to set up more data centers that can be rented out to clients as they expand and shift operations to the cloud.\nOracle said its two new cloud businesses, software-as-a-service and infrastructure-as-a-service, made up 25% of the company's total revenue with an annual run rate of $10 billion.\nAndrews expects these businesses to drive overall growth over time as they continue to become bigger contributors to Oracle's revenue stream.\nTotal revenue rose 4% to $9.73 billion in the quarter ended Aug. 31. Analysts were expecting revenue of $9.77 billion, according to IBES data from Refinitiv.\nBut revenue at Oracle's cloud license and on-premise license support was down 8% at $813 million during the first quarter.\nExcluding items, Oracle earned $1.03 per share, topping analysts' expectations of 97 cents per share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5858017,"gmtCreate":1631575780522,"gmtModify":1663233838244,"authorId":3586592942167883,"author":{"id":3586592942167883,"idStr":"3586592942167883","authorId":3586592942167883,"name":"Mclye","avatar":"https://static.itradeup.com/news/fc367014307c9a0999b85a4a4cbd4c1b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886160409,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":77,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}