Oracle's projected profit falls short of estimates

Jamie McKane

MyBroadband Journalist
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#1
Oracle's projected profit falls short of estimates

Oracle Corp., the world’s second-largest software company, projected profit in the current quarter that fell short of Wall Street’s estimates, signaling it still may be struggling to pivot to the cloud. Shares declined more than 4 percent in extended trading.

Adjusted earnings per share in the fiscal first quarter will be 67 cents to 69 cents, compared with analysts’ projections of 72 cents a share.

[Bloomberg]
 

OCP

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Jan 23, 2014
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2,871
#2
Painfull and expensive licensing would be a contributing factor I think.
 
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