Tue, 12 Dec 2023 14:36:32 GMT
Oracle fails to reach expectations
The release of the quarterly financial results of Oracle have disappointed for a third quarter in a row. The stock price of the company plummeted from the Tuesday's closing price of $115.08 to an opening on Wednesday at $102.65.
The company has once again reported below expected cloud service sales. Moreover, future forecasts have also been decreased.
In general,