Oracle misses quarterly revenue estimates By Reuters

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© Reuters. FILE PHOTO: The Oracle logo is shown on an office building in Irvine, California, U.S. June 28, 2018. REUTERS/Mike Blake

(Reuters) – Enterprise software firm Oracle Corp (NYSE:) missed Wall Street expectations for first-quarter revenue on Monday, hurt by competition in the cloud computing space.

Total revenue rose 4% to $9.73 billion in the quarter ended Aug. 31. Analysts were expecting revenue of $9.77 billion, according to IBES data from Refinitiv.

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