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.