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Oracle misses second-quarter revenue estimates
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Oracle misses second-quarter revenue estimates
Dec 9, 2024 1:20 PM

Dec 9 (Reuters) - Oracle missed Wall Street

expectations for second-quarter revenue on Monday, hit by softer

spending on its database and cloud services as enterprise

clients slash budgets amid an uncertain economy.

The company reported revenue of $14.06 billion in the second

quarter, compared with estimates of $14.11 billion, as per data

compiled by LSEG.

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