Oracle (Nasdaq:ORCL) certainly is no longer among the spectacular growth stories of tech, but it has at least two things going for it: a huge breadth of business and a startling record of consistency. It also happens to be a technology bellweather, and its off-kilter reporting schedule is often looked at by investors as a thermometer for the tech sector as a whole. Consequently, Oracle's rare and broad disappointment on Tuesday evening is sending chills through the tech sector and giving investors one last good nightmare before Christmas.
A Rare Stumble
This was the first miss on quarterly earnings from Oracle in a decade; a rather remarkable record given the ups and downs of IT spending and the sheer scale of all the moving parts at the company in that time.
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