Oracle Q3 sees strong growth but misses Wall Street expectations, despite everything “chugging on all fronts”

Oracle disappointed Wall Street with Q3 earnings that missed expectations despite hefty growth levels across the board and record levels of demand on its order book.

Total revenue came in at $14.1 billion, up six percent year-on-year, with net income of $2.9 billion, up 22%. Total cloud revenue (IaaS plus SaaS) of $6.2 billion was up 23%, with infrastructure revenue $2.7 billion being up a massive 49%.Fusion Cloud ERP and NetSuite Cloud ERP each contributed $0.9…