CEO Larry Ellison, in a conference call with financial analysts Wednesday, also took time to crow about the next-generation Exadata Database Machine the company unveiled Tuesday, citing it as proof of ...
Oracle shares dropped almost 7%, their steepest decline in a year, following the database software vendor's disappointing earnings report. The stock's worst day of 2024 had been a 5.4% decline in May.
Oracle ORCL released its fiscal first-quarter earnings report on Sept. 11 after the close of trading, and investors responded by pushing its stock down by a double-digit percentage. Here’s Morningstar ...
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Why Oracle Fell Hard Today
After yesterday's presentation, investors "sold the news" after a strong run in the stock over the past two months.
Fueled by a rise in license updates and product support revenue, Oracle's earnings Wednesday exceeded analysts' forecasts, even though its sales declined for the sixth consecutive quarter. The ...
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