{"id":43250,"date":"2023-12-12T17:01:55","date_gmt":"2023-12-12T22:01:55","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=43250"},"modified":"2023-12-12T17:02:20","modified_gmt":"2023-12-12T22:02:20","slug":"oracle-shares-dip-amidst-revenue-shortfalls-and-strategic-shifts-to-cloud-and-ai","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/oracle-shares-dip-amidst-revenue-shortfalls-and-strategic-shifts-to-cloud-and-ai\/","title":{"rendered":"Oracle shares dip amidst revenue shortfalls and strategic shifts to cloud and AI"},"content":{"rendered":"<p>Oracle experiences a downturn in share prices as revenue growth fails to meet market expectations, despite a notable rise in net income.<\/p>\n<p>Oracle Corporation&#8217;s share prices have taken a hit after reporting lower-than-expected revenue growth, highlighting investor concerns despite a 19% increase in net income. The company&#8217;s second-quarter revenue rose by 5%, missing the projected 7.6% increase. Oracle&#8217;s strategic acquisitions and expansion into cloud infrastructure and generative AI services are focal points in their growth strategy, despite the current financial hiccup. The recent purchase of Cerner has been a significant factor, particularly affecting cloud revenue growth.<\/p>\n<p>Sources include: <a href=\"https:\/\/www.theregister.com\/2023\/12\/12\/oracle_shares_hit_as_it\/\" target=\"_blank\" rel=\"noopener\">The Register<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oracle experiences a downturn in share prices as revenue growth fails to meet market expectations, despite a notable rise in net income. Oracle Corporation&#8217;s share prices have taken a hit after reporting lower-than-expected revenue growth, highlighting investor concerns despite a 19% increase in net income. The company&#8217;s second-quarter revenue rose by 5%, missing the projected [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":36454,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,57,9],"tags":[589,275],"class_list":["post-43250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cloud","category-companies","category-todays-news","tag-oracle","tag-top-story"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/43250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=43250"}],"version-history":[{"count":2,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/43250\/revisions"}],"predecessor-version":[{"id":43252,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/43250\/revisions\/43252"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media\/36454"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=43250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=43250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=43250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}