Oracle forecasts Q3 revenue below estimates on weak cloud spending, shares fall
Oracle share price, Oracle revenue forcast: Oracle (ORCL.N) forecast quarterly revenue below estimates on Monday, as an uncertain economy and competition in the cloud computing market weighed on demand for its cloud offerings, sending its shares down more than 7 per cent in extended trading.
Oracle share price, Oracle revenue forcast: Oracle (ORCL.N) forecast quarterly revenue below estimates on Monday. Image: Reuters