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Wednesday, March 10, 2021
Oracle cloud revenue misses as competition intensifies
Oracle said it expects fourth-quarter revenue to increase between 1% and 3% on a constant currency basis, the midpoint of which implies a revenue of $10.65 billion, according to Reuters calculations. Analysts had expected current-quarter revenue of $10.84 billion, according to IBES data from Refinitiv. https://ift.tt/2PSQN09
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JD reports Q4 revenue up 13% YoY to ~$48B, its fastest growth in three years and above est., net income up 100%+ to ~$1.4B, as Chinese consumer spending rises (Bloomberg)
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