Oracle only grew 1% last quarter, and Wall Street is starting to question whether management is up to the job (ORCL)
|09/18/2018||Posted by BusinessMediaguide.Com under General World News||
- 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.