Oracle cloud revenue misses as competition intensifies

Oracle said it expects fourth-quarter revenue to increase between 1% and 3% on a constant currency basis, the midpoint of which implies a revenue of $10.65 billion, according to Reuters calculations. Analysts had expected current-quarter revenue of $10.84 billion, according to IBES data from Refinitiv.

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Oracle said it expects fourth-quarter revenue to increase between 1% and 3% on a constant currency basis, the midpoint of which implies a revenue of $10.65 billion, according to Reuters calculations. Analysts had expected current-quarter revenue of $10.84 billion, according to IBES data from Refinitiv.