2024-03-17 02:30:56 ET
Summary
- Oracle Corp. delivered a solid Q3 performance, with strong growth in cloud and AI offerings driving demand.
- Despite a revenue miss, the company's non-GAAP EPS beat estimates, and it provided strong guidance for Q4.
- Record remaining performance obligations demonstrate the surge in demand for Oracle's products, particularly in the cloud space.
Investment Thesis
Oracle Corp. ( ORCL ), despite missing on revenues, delivered a solid third quarter, all things considered. The company also delivered strong guidance for the fourth quarter, on the back of surging demand for its cloud and AI offerings....
Read the full article on Seeking Alpha
For further details see:
Oracle: Capex Spend Could Be The Beginning, AI Revolution Finds Another Beneficiary