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Monday, 09/13/2021 4:23:19 PM

Monday, September 13, 2021 4:23:19 PM

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Oracle misses quarterly revenue estimates
By: Reuters | September 13, 2021

Enterprise software firm Oracle Corp (NYSE:ORCL) missed Wall Street expectations for first-quarter revenue on Monday, hurt by competition in the cloud computing space.

Total revenue rose 4% to $9.73 billion in the quarter ended Aug. 31. Analysts were expecting revenue of $9.77 billion, according to IBES data from Refinitiv.

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