(Reuters) – Oracle missed Wall Street expectations for fourth-quarter revenue on Tuesday, hurt by weaker client spending on its cloud services amid stiff competition and an uncertain economy.
The company reported revenue of $14.29 billion for the quarter, compared with analysts’ average estimate of $14.55 billion, according to LSEG data.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar)
