Oracle Projects Profit That Falls Short of Analyst Estimates

Oracle Corp., the world’s second-largest software company, projected profit in the current quarter that fell short of Wall Street’s estimates, signaling it still may be struggling to pivot to the cloud. Adjusted earnings per share in the fiscal first quarter will be 67 cents to 69 cents, compared with analysts’ projections of 72 cents a share. Revenue will increase 1 percent to 3 percent in constant currency, Chief Executive Officer Safra Catz said on a conference call.