Oracle Corporation (NYSE:ORCL) reported weaker-than-expected first-quarter results on Tuesday.
Oracle reported quarterly earnings of $1.47 per share, which missed the analyst consensus estimate of $1.48. Quarterly revenue came in at $14.92 billion, which missed the Street estimate of $15.03 billion and is up from revenue of $13.3 billion from the same period last year. CEO Catz teased significant revenue growth in the quarters ahead.
“MultiCloud database revenue from Amazon, Google and Microsoft grew at the incredible rate of 1,529% in the first quarter,” said Oracle Chairman and Chief Technology Officer Larry Ellison. “We …