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Oracle misses quarterly revenue estimates
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Oracle misses quarterly revenue estimates
Mar 11, 2024 1:23 PM

March 11 (Reuters) - Oracle missed

third-quarter revenue estimates on Monday, as an uncertain

economic outlook and strong competition in the cloud-computing

industry weighed on demand for its services.

The company posted revenue of $13.28 billion for the three

months ended February 29, compared with analysts' average

estimate of $13.30 billion, according to LSEG data.

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