Oracle Cloud Growth Helps Q2 Revenue Top Estimates

By | December 17, 2014

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The Oracle growth story is showing some progress. The enterprise software company late Wednesday reported earnings and revenue that beat analyst estimates for its fiscal Q2, as the company’s fledgling cloud business continues to grow as new software licenses decline. The company’s outlook for the current quarter appeared to be light, but that didn’t bother investors. Oracle (ORCL) stock was up 4% in after-hours trading, after the company released Scalper1 News

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