Oracle revenue falls short of expectations as cloud competition rises

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fairly difficult
Analysts say Oracle, whose shares have risen about 40% this year, is well positioned to benefit from cloud computing but a crowded space of rivals, including...
(Reuters) -Enterprise software firm Oracle Corp fell short of Wall Street expectations for first-quarter revenue on Monday, hurt by competition in the cloud computing space.

Shares of the Austin, Texas-based company slid about 3.3% in extended trading.

Microsoft Corp's Azure, Amazon.com Inc's Amazon Web Services, Salesforce.com and IBM Corp, will keep the heat on the company.

"Expectations would be for revenue forecasts to continue moving higher," said Jack Andrews, analyst at Needham & Co.

To bolster its…
Reuters
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