16.09.2016 - Sales of Oracle were lower than the forecast
Oracle has published a report for the last quarter. Thus, the company earned 1.8 billion dollars, and sales were 8.6 billion dollars against the forecast of 8.7 billion dollars. Revenue from the company's cloud services has made 969 million dollars against 971.4 million dollars expected. Our medium-term outlook for the stock remains positive with growth potential by 25-30% per annum, but In the near future we can see a decrease in price.