From Nasdaq: 2024-06-07 11:29:00

Oracle is set to report its fiscal fourth-quarter results on Jun 11, with revenues expected to grow 4-6%. Strong cloud business performance is driving growth, with demand for Oracle Cloud Infrastructure and Autonomous Database solutions on the rise. Strategic partnerships with Microsoft and NVIDIA are expanding Oracle’s global footprint and enhancing product offerings.

Oracle’s AI initiatives, including the Autonomous Database and AI-powered Cloud Applications suite, are poised to boost cloud and licensing businesses. Partnerships with Palantir and advancements in AI solutions are driving operational efficiency for businesses worldwide. Cloud services and license revenues are expected to grow by 25.7% year-over-year in fiscal fourth-quarter 2024.

Investors are eagerly awaiting Oracle’s earnings report to assess its cloud strategy execution and ability to maintain dominance in enterprise software in the competitive cloud computing market. Careful consideration of investment objectives and risk tolerance is advised, with a cautious outlook on Oracle’s stretched valuation in the near term. Oracle remains a strong player in the software industry, with growth potential in cloud services and strategic partnerships driving momentum.



Read more at Nasdaq: Assessing Oracle (ORCL) Stock Ahead of Q4 Earnings Release