Oracle reports Q3 revenue up 18% YoY to $12.39B, vs. $12.42B est., cloud services and license support revenue up 17% YoY to $8.9B, and net income down 18% YoY (Reuters)
Reuters:
Oracle reports Q3 revenue up 18% YoY to $12.39B, vs. $12.42B est., cloud services and license support revenue up 17% YoY to $8.9B, and net income down 18% YoY — Oracle Corp (ORCL.N) missed quarterly revenue estimates on Thursday, as businesses slowed down IT spending against the backdrop of a sobering economic outlook.
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