Oracle Cloud Biz Growing Despite Mixed Q3 Earnings

By | March 18, 2015

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Oracle (ORCL) appears to be moving in the right direction, analysts say, despite delivering mixed Q3 earnings and lower-than-expected guidance late Tuesday. The longtime business software giant’s cloud business is growing at 30% rates, and analysts say the company raised its guidance on cloud bookings for the current quarter. Oracle stock was up by more than 4% in early trading in the stock market today, at a nearly two-month high of 44.75. Oracle Scalper1 News

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