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As was the case in March, cloud competition is in focus as Oracle (ORCL -8.6%) dives following a...

As was the case in March, cloud competition is in focus as Oracle (ORCL -8.6%) dives following a revenue/EPS miss marked by soft new license/cloud subscription growth. "Seasonally, the fourth quarter is their biggest ... software quarter and we have a miss here on software," observes Edward Jones' Josh Olson. Goldman's Heather Bellini is defending Oracle, arguing the shortfall is "likely more macro driven than company-specific." Rivals SAP (SAP -3.3%), VMware (VMW -3.2%), and Citrix (CTXS -2.1%) are underperforming. Larry Ellison mentioned on the earnings call Oracle plans to launch an in-memory version of its 12c database to take on SAP's Hana; Oracle has thus far taken a hardware-centric approach to competing with Hana.
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