Oracle’s forecast miss overshadows cloud growth, shares fall

Oracle's forecast miss overshadows cloud growth, shares fallOracle sees first-quarter adjusted earnings per share to be between 68 cents and 70 cents, below analysts’ average estimate of 72 cents. “Oracle’s move to change its reporting structure, which masks the performance of its cloud infrastructure and applications segments, overshadowed the Q4 beat,” Daniel Morgan Senior Portfolio Manager Synovus Trust Company said. Morgan said all metrics in the fourth quarter were strong, but due to the disclosure change “investors are wondering if Oracle is trying to hide something in its total cloud revenue”.



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