What investors selling Oracle on its mixed quarter, lower guide are missing

A sign is posted in front of Oracle headquarters on June 13, 2022 in Redwood Shores, California.

Justin Sullivan | Getty Images

Oracle (ORCL) shares declined more than 9% on Monday evening after the enterprise software company reported a mixed fiscal 2024 first quarter that showed robust growth in cloud services, offset by lukewarm numbers in some of the legacy parts of its business. A weaker-than-expected fiscal second-quarter revenue guide was also to blame for further pressuring the stock in after-hours trading.


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