(Bloomberg) — Oracle Corp. reported results and gave a forecast suggesting the effort to move its customers to the cloud is gaining momentum, and the acquisition of health care records provider Cerner Corp. will help accelerate the growth of the business.
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Investors reacted positively, sending shares up more than 13% in pre-market trading Tuesday after a day in which the overall market plunged and Oracle’s stock hit a 16-month low.
“Couple a high growth rate in our…
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