Oracle Has Its Head In The Clouds
There are many attractive qualities about Oracle (NYSE: ORCL) as an investment but it stands out on our radar for a single reason; Oracle reports earnings almost exactly midway between the peaks of earnings cycles and gives us a bit of insight into the coming reporting period. This time around, Oracle’s results point to accelerating adoption of cloud-based services, better than expected performance, share buybacks, and a continuation of the rally. The question now is whether this performance will be restricted to the tech sector or if the broader S&P 500 index will report just as well. Regardless, Oracle’s results are game-changing in the eyes of the market and have shares rocketing higher.
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Oracle Beats And Guides Above Consensus
Oracle’s fiscal Q2 was driven by the company’s push into cloud computing. Late to…