(Bloomberg) –Oracle Corp. reported quarterly cloud-computing sales that missed some analysts’ estimates, a setback in the company’s effort to remake itself around internet-based products. Shares fell in extended trading.
Cloud revenue in the period ended Nov. 30 gained 44 percent to $1.52 billion, Oracle said Thursday in a statement. John DiFucci, an analyst at Jefferies, was among those who projected stronger growth in Oracle’s cloud sales, with his estimate of $1.55 billion. The company also gave a disappointing forecast for profit and cloud growth in the current period.
