Cloud ramp up weighs on Oracle's profit view, shares fall

Cloud ramp up weighs on Oracle's profit view, shares fall

3 years ago
Anonymous $LNMzUc6XNz

https://www.reuters.com/article/us-oracle-results/cloud-ramp-up-weighs-on-oracles-profit-view-shares-fall-idUSKCN2DR2BY

(Reuters) -Oracle Corp on Tuesday forecast current-quarter profit below Wall Street estimates, as the business software maker ramps up investments in its cloud computing business to take on rivals including Microsoft and Amazon.com.

Cloud ramp up weighs on Oracle's profit view, shares fall

Jun 15, 2021, 11:20pm UTC
https://www.reuters.com/article/us-oracle-results/cloud-ramp-up-weighs-on-oracles-profit-view-shares-fall-idUSKCN2DR2BY >(Reuters) -Oracle Corp on Tuesday forecast current-quarter profit below Wall Street estimates, as the business software maker ramps up investments in its cloud computing business to take on rivals including Microsoft and Amazon.com.