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Oracle Shakes Off The Dust
ORCLOracle(ORCL) Seeking Alpha·2024-06-26 18:44
wellesenterprisesOracle Is Like Two Different Companies  *Guidance midpoint (Oracle quarterly reports)Oracle (NYSE:ORCL) is similar to Amazon (AMZN) in the sense that they have a very good cloud business, and then there’s the rest of the company. Oracle Cloud grew at 20% YoY in the quarter, but the rest of the company shrank by 5%. All that works out to revenue up 3% YoY for the quarter, and up 6% in the Q1 guidance shown at the right of the chart. Cloud is starting to take over their operating statemen ...