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