Advertisement
New Zealand markets closed
  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     
  • NZD/USD

    0.5897
    -0.0009 (-0.15%)
     
  • NZD/EUR

    0.5526
    -0.0019 (-0.34%)
     
  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     
  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     
  • OIL

    82.83
    +0.10 (+0.12%)
     
  • GOLD

    2,397.00
    -1.00 (-0.04%)
     
  • NASDAQ

    17,298.64
    -95.67 (-0.55%)
     
  • FTSE

    7,853.93
    -23.12 (-0.29%)
     
  • Dow Jones

    37,962.75
    +187.37 (+0.50%)
     
  • DAX

    17,759.64
    -77.76 (-0.44%)
     
  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • NZD/JPY

    91.1480
    -0.1060 (-0.12%)
     

Is the Cloud Responsible for the Fall in Oracle?

Is the Cloud Responsible for the Fall in Oracle?

Earlier in the series, we discussed the factors that weighed on Oracle (ORCL) stock. Although Oracle posted double-digit growth in its cloud revenues, its revenue guidance—especially cloud for the current quarter—weighed on its stock. Oracle expects its revenue growth to be 1.0–3.0% for 4Q17, which translates to ~$11.1 billion–$11.3 billion. Analysts expected ~$11.2 billion.