back to article Oracle share price slides as it misses revenue expectations

Oracle has seen its market valuation dip on the back of lower than expected revenue growth for Q2 of its fiscal 2024 ended November 30. Big Red’s share price slid seven percent in extended trading last night after it announced revenue of $12.9 billion, up five percent on the same quarter a year earlier. Although this was …

  1. Steve Button Silver badge

    Worlds smallest violin.

    Does this mean Larry has to sell on of his private jets or yachts?

    1. Mayday

      Re: Worlds smallest violin.

      Possibly. He might not need them anyway while he chills at Lanai.

  2. Peter-Waterman1

    “Our OCI business is improving profitability as it grows. The target gross margins for it are much higher than I think you expect because you're probably comparing it to some of the more pure-play cloud folks who somehow don't end up making as much money in all of this,” Catz said

    AKA - we dont build our infrastructure to the same level of other providers so its more profitable for our shareholders

    1. Doctor Syntax Silver badge

      Alternative AKA: we screw our prisoners customers harder.

  3. aerogems Silver badge

    Buckle up Birmingham

    Not to mention other places in implementation hell. Prepare to get soaked even further so the C-Suite doesn't miss their next bonus and can make their yacht payments.

  4. Press any key

    "Although this was firmly in the middle of Oracle’s own guidance, the revenue growth missed analysts' average estimate for growth of about 7.6 percent, according to LSEG data."

    So oracle was right and greedy shareholding analysts wanting to pump up the share price by over inflating expectations were wrong.

    Sad I am not.

    Disappointingly the greedy analyst will have sold before the price fell.

  5. trevorde Silver badge

    Larry's turnaround plan

    * price rises

    * more convoluted licensing

    * license audits

    * new super yacht

    1. David 132 Silver badge

      Re: Larry's turnaround plan

      Oracle is one of the few companies whose written communications to customers giving details of price rises are composed of single letters & words cut and pasted out of newspapers & magazines.

      Also, "Kind regards" or "With best wishes" may be cliché, but either is preferable to "OR ELSE"...

  6. Kev99 Silver badge

    Once a company issues a share of stock, the price only affects the stockholders. The company neither gains nor loses a penny.

    1. Phil O'Sophical Silver badge

      It affects the overall value of the company, which in turn affects the cost of any borrowing they need to do.

      1. Doctor Syntax Silver badge

        It affects the value of the C-suite bonuses. Who cares about the company?

  7. xyz123 Silver badge

    Oracle really needs to be fully IRS audited. The figures given seem fishy at best. I have a feeling, as do many others that Oracle is hiding something terrible about the state of the companies performance and finances, and that they're sinking into a deep DEEP hole from which there is no return.

    1. Sceptic Tank Silver badge

      Lend them a spade.

    2. Anonymous Coward
      Anonymous Coward

      Like any public company, they are independently audited every year, at great expense to themselves. They have tens of billions of cash in the bank, and revenues, profits as well as customer counts have been steadily increasing for years.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Other stories you might like