Investors write off Oracle earnings miss as management promises stratospheric growth

It took Oracle (ORCL) 17 years to get back to the all-time highs it booked in the 2000 Dot-com Bubble. But in a single evening, it's minting the entirety of the fortune it took over a decade to earn back. The cloud giant reported earnings Tuesday evening, narrowly missing on both the top and bottom line. Revenue grew 12% year-over-year to $14.9 billion, led higher by rapid growth in cloud infrastructure revenue (+55% YoY to $3.3 billion) and cloud revenue (+28% YoY to $7.2 billion). Non-GAAP earnings per ...