Oracle Corporation ORCL has recently announced the availability of its Oracle Retail Merchandising Solutions over its cloud platform – Oracle Cloud.
The offerings are targeted at helping the retailers drive growth through optimizing mobility, improving customer engagement and enhancing user experience, thereby paving the way for a scalable and flexible business environment.
However, the announcement failed to cheer the investors and the stock declined 0.86% on Tuesday.
We note that, shares of Oracle have underperformed the Zacks Computer – Software industry over the last one year. While the industry gained 21.1%, the stock increased only 8.4%.
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