Oracle Q3 Earnings Miss Wall Street Estimates

By | March 18, 2014

Scalper1 News

Oracle is back on the hot seat. Following a quarter when the enterprise software giant showed signs of resurgence, late Tuesday the company reported fiscal Q3 earnings and revenue that missed Wall Street estimates. Moreover, Oracle’s (ORCL) growth in cloud subscription and new-software licenses missed estimates, despite what analysts call an improving information technology spending environment. Oracle stock was down 3.5% in after-hours trading, Scalper1 News

Scalper1 News