Friday, 24 March, 2023

Oracle records less revenue than expected, with Cloud competition rising

<p>Oracle Corp has fallen short of the expected Wall Street first-quarter revenue, with the cause being increased competition in the cloud sector. The company forecast adjusted expected earnings for next quarter between $1.09 - $1.13, above analyst predictions of $1.08 per share. While Oracle, is expected to benefit from the new cloud trends, the increased competition from AWS, Microsoft Azure etc. will make it tougher to achieve a monopoly.</p> <p>&nbsp;</p>