Oracle Reports Disappointing Sales on Slowing Cloud Momentum

(Bloomberg) — Oracle Corp. reported slowing quarterly sales growth in its cloud computing business, fueling investor fears that the software maker’s expansion efforts have yet to gain ground the competitive market. The shares fell about 8% in extended trading.Most Read from BloombergAbu Dhabi Is the World’s Newest Wealth Haven for BillionairesBitcoin’s Largest Decline in Four Months Frays Startling RallyJack Ma’s Biggest E-Commerce Rival Is Coming for AmazonWall Street Holds Back on Big Bets Be