Oracle’s Quarterly Results Deepen Cloud Concerns, Stock Drops
Oracle Corp on Thursday posted fiscal fourth-quarter results that disappointed investors looking for more progress against rivals selling web-based services, sending its shares lower. Thursday’s results cast doubt onto Oracle’s execution in an industry facing increasingly tight competition. Smaller, aggressive companies like Salesforce.com Inc and Workday Inc have been offering competitive software and Internet-based products at prices that often undercut Oracle.
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