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Oracle and Google Cloud Announce Groundbreaking Multi-Cloud Partnership exbulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from exbulletin.com Daily Mail and Mail on Sunday newspapers.
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Assessing Microsoft Dev Box Cloud-Based Developer Workstations gigaom.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gigaom.com Daily Mail and Mail on Sunday newspapers.
Oracle (NYSE: ORCL) reported its second quarter results that failed to impress the market. The weaker than expected performance and outlook sent the stock falling 9% in the after-hours trading session. Oracle's Financials Revenue for the first quarter grew 5% to $12.94 billion, below analyst estimates of $13.05 billion. Adjusted EPS of $1.34 was better than the market's forecast of $1.32. Oracle's revenue from cloud services and license support revenues grew 12% to $9.64 billion, missing the consensus of $9.71 billion. Revenue from cloud and on-premises licenses fell 18% to $1.18 billion, slightly lower than the estimate of $1.21 billion. Services revenues at $1.37 billion also missed the forecast of $1.40 billion. Cloud infrastructure revenues grew 52% to $1.6 billion. Oracle projected the second-quarter revenue growth to be 6%-8%, compared with the analyst estimates of 7.6%. Oracle also expects adjusted profit of $1.35-$1.39 per share, compared with estimates of $1.37. ....