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WORK - Oracle: On Track For Higher Growth With Operational Efficiency
Slack Technologies Inc. Class A
Oracle (ORCL) has posted strong results for the three months ending June 2020 (Q1-2021 as per Oracle's results reporting) despite the pandemic. This included licensed revenues which were up 8% after being down in the previous quarter.
However, the stock price is still lagging the industry.
Figure 1: Comparison of Oracle share price change with the software and services sector.
After having published two articles on Oracle, this third one puts the latest upbeat results in perspective of the wider market including competition and challenges going forward.