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Oracle: Costly expansion in to cloud-computing

June 20, 2014

Oracle (Attractive*) disappointed when Q4 sales increased 3.3% to USD 11.33bn and adjusted net income per share were 92 cents. Both key figures were below market expectations (USD 11.47bn and 95 cents). On the one hand the transformation into a cloud-computing provider (good development here) is costly, on the other hand new license sales were stagnating. Shares fell around 6% after market close. Nevertheless, the given outlook for the current quarter met expectations.

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