Oracle cloud revenue misses as competition intensifies

(Reuters) – Business software maker Oracle Corp’s cloud division reported quarterly revenue that missed analysts’ estimates, on increased competition from Amazon.com Inc and Microsoft Corp for cloud services due to remote working. Oracle said it expects fourth-quarter revenue to increase between and on a constant currency basis, the midpoint of which implies a revenue of $10.65 billion, according to Reuters calculations.

Link: Oracle cloud revenue misses as competition intensifies
via http://www.reuters.com

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