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Tuesday, June 15, 2021

Cloud ramp up weighs on Oracle's profit view, shares fall

The company is planning to double its capital spending on the cloud segment to nearly $4 billion in fiscal 2022 as it benefits from the pandemic with businesses opting for hybrid-work models.

from Latest Telecom News | Latest Telecom Industry News, Information and Update: ET Telecom : ETTelecom.com https://ift.tt/3cMm7Gp

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