Oracle's Cloud Expansion Hits Shares

Oracles shares plummeted as investors reacted negatively to the companys lower-than-expected revenue forecast for the current quarter, despite strong fiscal fourth quarter results and a share buyback program. The decline was attributed to concerns over increasing expenses for cloud infrastructure expansion.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.