"As always, we remain careful to pace and align our CapEx investments appropriately and in line with booking trends," Catz said.
For the current quarter, Oracle expects revenue to grow of between 8% and 10%. Analysts were expecting growth of about 11% to $15.91 billion, according to LSEG. The company said it expects adjusted earnings of $1.61 to $1.65 per share. Analysts were calling for adjusted earnings per share of $1.79.
Catz said Oracle's fourth quarter adjusted earnings projections were negatively impacted by losses from an investment in another company.
Oracle's cloud and on-premises licenses business contributed $1.1 billion in revenue during the quarter, down 10% year over year.