From The Motley Fool
By Sarfaraz A. Khan
Research Assistant: G. Yousuf
Includes Oracle (NASDAQ:ORCL), Microsoft (NASDAQ:MSFT) and Salesforce.com (NYSE:CRM)
Research Assistant: G. Yousuf
Includes Oracle (NASDAQ:ORCL), Microsoft (NASDAQ:MSFT) and Salesforce.com (NYSE:CRM)
A week ago, Oracle (NASDAQ: ORCL) reported quarterly results that missed analysts’ estimates by a small margin. The shareholders reacted negatively, and the company's shares dropped by 9.3% the following day. To help, the company has announced cloud computing deals with some of its biggest rivals.
Earnings
The computer hardware and software company’s sales remained largely flat, showing an increase of just 0.3% from the same quarter last year to $10.95 billion, which were below analysts’ estimates of $11.12 billion. Oracles sales improved by just 2.4% in
