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Oracle Has A Long Growth Runway For OCI
ORCLOracle(ORCL) Seeking Alpha·2024-06-12 13:10
I Like That OneOracle Corp. (NYSE:ORCL) reported a strong end to FY24 with cloud services driving significant growth at the top line. This growth was paired with strength in margins with Oracle’s adjusted operating margin and aEBITDA margin expanding to 44% and 55%, respectively, showing the durability in scaling OCI across the firm’s operations. Using management’s commentary as a guide, I believe Oracle can continue this exceptional growth rate as the firm continues to build larger and larger data cent ...