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Oracle Shares Tumble After Earnings Miss—Larry Ellison’s Fortune Loses $15 Billion

Larry Ellison, Oracle’s billionaire co-founder, had his net worth cut by $15 billion Tuesday as the company’s stock paced its worst loss in nearly a year, after a recent earnings report that fell short of estimates, though analysts remained optimistic about the database software firm.

NBC New York · 1d

Oracle shares head for worst day of 2024 after earnings miss

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Sunday, Oct. 1, 2017. Oracle shares had their steepest drop in a year on Tuesday following the company's disappointing earnings report.

Barron's on MSN · 2d

Oracle Stock Is Dropping. Why Wall Street Is OK With an Earnings Miss.

Analysts are saying software firm Oracle's revenue and earnings miss in the latest quarter were largely due to currency headwinds.

The Business Journals · 18h

Oracle's Larry Ellison is the NBJ's Newsmaker of the Year

The 80-year-old entrepreneur, one of Earth's wealthiest people, made a shocking revelation on-stage that cemented him as the newsroom's choice for Newsmaker of the Year. Nashville is just beginning to find out what it means.

CIO2h

Is the cloud seducing software giants into the enemy lair?

Despite cynical theories of slowdown, the Big 4 software giants’ growth is being rocket-fuelled by cloud migrations, as their ...

Oracle needs to 'keep doing what they're doing': Analyst

Oracle (ORCL) stock falls in after hours trading after the software and cloud company reported second quarter earnings that ...

Oracle Positioned To Benefit From Enterprise Revolution, Says Dan Ives: 'The Software Phase Of The AI Revolution Is Now Here'

Oracle Corp. is positioned to capitalize on the emerging enterprise software AI revolution, according to Wedbush Securities ...

18hon MSN

Healthcare Innovation Sparks Oracle’s (ORCL) Growth

Oracle (ORCL) is making bold moves in AI and health. If the company continues with its unique AI-driven database solutions as ...

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Siemens and Oracle Red Bull Racing celebrate 20 years of innovation

Siemens Digital Industries Software is celebrating the 20th anniversary of its collaboration with Oracle Red Bull Racing, representing one of the longest standing technical partnerships in Formula 1™ ...

Oracle: Q2 Earnings, Still Essential For AGI

Oracle's recent Q2 miss on EPS and revenue sparked a sell-off, but the declines were minimal, with EPS missing by just $0.01 ...

1don MSN

Oracle Falls Most in Year After Posting Disappointing Growth

Shares of Oracle Corp. fell the most in a year after the software giant reported lukewarm quarterly revenue, disappointing ...

Oracle’s Strategic Cloud Growth and Strong Financial Performance Bolster Buy Rating

DBS analyst Sachin Mittal has maintained their bullish stance on ORCL stock, giving a Buy rating yesterday.Pick the best stocks and maximize ...

CRN1d

Oracle CEO Catz Predicts $25B In Cloud Revenue This Fiscal Year

During Oracle’s Q2 2024 earnings call, CEO Safra Catz and CTO Larry Ellison talked AI, GPUs, cloud, database products and ...

Every Oracle Stock Investor Should Watch This Key Number in December

Oracle (NYSE: ORCL) was founded in 1977, and it has participated in almost every technology revolution since. It initially ...

Oracle Posts Higher 2Q Revenue, Profit; Shares Fall After Earnings Miss Estimates

Oracle posted higher revenue and profit in its fiscal second quarter on continued demand for artificial intelligence, but shares fell after the company missed analyst estimates.

Oracle skids, but Wall Street comes to defense as cloud growth continues

Oracle (ORCL) may have reported fiscal second-quarter results and guidance that were a bit weaker-than-expected, but Wall ...

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