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We’re downgrading Oracle and cutting our label purpose after one other execrable quarter

Safra Catz, CEO of Oracle Corporation, rings the gap bell at the New York Stock Replace, July 12, 2023.

Brendan Mcdermid | Reuters

Oracle shares are taking a success in the aftermarket following one other disappointing quarterly story. While earnings at the cloud infrastructure firm edged out Wall Avenue estimates, sales all over over again came up short with three of the firm’s four main working segments underperforming, including its essential cloud companies division.

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