SHORTFALL: Oracle Corp.’s fiscal third-quarter results fell shy of Wall Street’s expectations on Wednesday. The business software bellwether attributed its revenue decline to a lackluster performance by its expanding sales force rather than a lack of demand.
KEY METRIC DOWN: Revenue from new software licenses and online or “cloud” subscriptions, a closely watched figure, fell 2 percent year-over-year to $2.3 billion. The company had predicted that number would rise by 3 percent to 13 percent.
STOCK SLIDES: Shares of the Redwood City, Calif., company fell $2.56, or 7.2 percent, to $33.20 in after-hours trading following the announcement.
Independent voices from the TWT Communities
Columns from Voices around the World talking about the events, people, politics and social issues that concern us wherever, and whoever, we are.
Video reviews of today's hottest trends in Minecraft (servers and mods) along with a look at the latest video games with your host MCairsoft14 (alias Jerad Zad).
Covering the world of soccer, including the World Cup, Major League Soccer, D.C. United and the English Premier League and other interesting sporting events.
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