Oracle stock falls on weak cloud business; earnings top estimates

Oracle’s (ORCL) strong earnings growth in the first quarter failed to amuse investors Monday when the company’s below-consensus cloud revenues triggered a stock sell-off. Adjusted earnings of the enterprise software company rose to $2.8 billion or $0.71 per share in the first quarter from $2.6 billion or $0.61 per share in the same period last year, … Continue reading Oracle stock falls on weak cloud business; earnings top estimates