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home / news releases / oracle shakes off the dust

ORCL - Oracle Shakes Off The Dust

Oracle Corporation

2024-06-26 14:44:27 ET

Summary

  • Oracle is like two different companies under one roof.
  • Fast growing cloud apps and infrastructure look to take over the operating statement in fiscal 2025-2026.
  • But it has put a dent in the free-cash-flow machine that is their legacy software.
  • Big bumps in backlog the last 2 quarters made investors ignore a bit of a mediocre quarter.

Oracle Is Like Two Different Companies

*Guidance midpoint (Oracle quarterly reports)

Oracle ( 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....

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Oracle Shakes Off The Dust
Stock Information
Company Name: Oracle Corporation
Stock Symbol: ORCL
Market: NYSE
Website: oracle.com
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