MarketWatch First Take: Oracle earnings rain on cloud parade

Oracle Corp. saw its double-digit growth in cloud computing slow down again last quarter, and the software giant appears to be telling investors to now look beyond just the cloud business.

The slowing in cloud is raising concerns about its transition, and on Monday it confused some investors with a bigger-than-usual focus on a new twist of its older software-licensing business model.

Oracle’s ORCL, -0.61% shares fell in after-hours trading after the software giant reported fiscal third-quarter results that were slightly below expectations and guidance that showed even further slowing in its cloud business. Its shares tumbled 7.31% after hours.

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