Oracle revenue falls as COVID-19 leads to a 'drop off in deals.' But Larry Ellison boasts of recent cloud wins against Amazon and Microsoft (ORCL)

Oracle revenue falls as COVID-19 leads to a 'drop off in deals.' But Larry Ellison boasts of recent cloud wins against Amazon and Microsoft (ORCL)

Business Insider

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· *Oracle beat Wall Street's profit estimates, but fell short on revenue, which the company attributed to the impact of COVID-19.*
· *"As the quarter progressed, we saw a drop off in deals, especially in industries, most affected by the pandemic," CEO Safra Catz told analysts on the company's earnings call. The stock slid...

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