20-06-2018 22:03 via feedproxy.google.com

Oracle shares sink 7% as Wall Street freaks out over a surprise decision not to share specific cloud numbers (ORCL)

Oracle's shares sunk 7% on Wednesday following news that the company would no longer report metrics for cloud, a segment once seen as vital to the company's growth.
Oracle characterizes its new reporting structure as a more accurate way to reflect how customers use its software licenses. The company says that customers are buying more traditional licenses, but using them in the cloud. 
Investors, many of whom see cloud growth a vital to their understanding of the company, were skeptical of
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