HomeTechnologyOracle reports Q3 revenue up 18% YoY to $12.39B, vs. $12.42B est.,...

Oracle reports Q3 revenue up 18% YoY to $12.39B, vs. $12.42B est., and cloud services and license support revenue up 17% YoY to $8.9B (Reuters)

By: Feed Avenue

Date:

March 9, 2023

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Reuters:

Oracle reports Q3 revenue up 18% YoY to $12.39B, vs. $12.42B est., and cloud services and license support revenue up 17% YoY to $8.9B — 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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