Oracle misses quarterly revenue estimates
11/03/2024 20:07
March 11 (Reuters) - Oracle ORCL.N missed
third-quarter revenue estimates on Monday, as an uncertain
economic outlook and strong competition in the cloud-computing
industry weighed on demand for its services.
The company posted revenue of $13.28 billion for the three
months ended February 29, compared with analysts' average
estimate of $13.30 billion, according to LSEG data.
(Reporting by Harshita Mary Varghese in Bengaluru;Editing by
Krishna Chandra Eluri)
((HarshitaMary.Varghese@thomsonreuters.com;))