Oracle misses quarterly revenue estimates-May 2024-www.financetom.com

Oracle misses quarterly revenue estimates

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Oracle misses quarterly revenue estimates

Jun 11, 2024 1:30 PM

June 11 (Reuters) - Oracle missed Wall Street

expectations for fourth-quarter revenue on Tuesday, hurt by

weaker client spending on its cloud services amid stiff

competition and an uncertain economy.

The company reported revenue of $14.29 billion for the

quarter, compared with analysts' average estimate of $14.55

billion, according to LSEG data.

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