Home » General World News » Oracle only grew 1% last quarter, and Wall Street is starting to question whether management is up to the job (ORCL)

Oracle only grew 1% last quarter, and Wall Street is starting to question whether management is up to the job (ORCL)





  • Wall Street analysts had a bone to pick with Oracle in notes to their clients published Tuesday, following mixed results in Oracle’s first quarter FY2019 earnings on Monday.
  • Goldman Sachs lowered its price target for the database giant, while others questioned whether management is up to the task of reigniting growth.
  • Oracle reported revenue growth of just 1% year-over-year, leaving some on Wall Street feeling that transformation at the company “continues to take longer than hoped.”

Wall Street is starting to get impatient with Oracle.

Following a hit-or-miss earnings report on Monday that showed a glacial pace of growth, analysts read more >>>

Source:: BusinessInsider.Com

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