Oracle's Cloud Investment Weighs on Shares

Oracles shares plummeted by up to eleven percent this week following a disappointing revenue forecast for the current quarter, which fell short of analysts expectations. Despite positive results from their fiscal fourth quarter and an expanded share buyback program, investors are concerned about Oracles increased expenditures on cloud infrastructure expansion, which may impact short-term profit margins.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.