Oracle's revenue growth falls short of analysts' expectations
Business software maker Oracle Corp's adjusted revenue missed analysts' estimates for the seventh time in the last eight quarters, showing that its shift to cloud-based offerings is taking longer than Wall Street expected. Oracle, which gets little more than half of its revenue from outside the United States, said revenue in the latest second quarter was hurt by the dollar's gains, especially since the U.S. election, and an unforeseen Egyptian currency exchange loss. Its total cloud business rev
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