Given Oracle's (ORCL) strong growth and low valuation, along with the fact that it's benefiting a great deal from the ongoing AI revolution, Oracle's stock looks like a good buy for both value investors and growth investors. What's more, renowned investor Paul Tudor Jones acquired a sizable position in ORCL stock last quarter, while multiple, well-known investment banks and Zacks, a prominent research firm, are upbeat on the shares.
In Oracle's fiscal fourth quarter that ended in May, its revenue jumped 21% versus the same period a year earlier to $19.2 billion, while its earnings per share, excluding certain items, soared 24% year-over-year (YoY) to $2.11. Moreover, propelled largely by the AI Boom, its total cloud revenue climbed 47% YoY to $9.9 billion. Also noteworthy was that its remaining performance obligations (RPO), which include preferred revenue and backlog, jumped 363% YoY to a very impressive $638 billion.
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In Oracle's fiscal fourth quarter that ended in May, its revenue jumped 21% versus the same period a year earlier to $19.2 billion, while its earnings per share, excluding certain items, soared 24% year-over-year (YoY) to $2.11. Moreover, propelled largely by the AI Boom, its total cloud revenue climbed 47% YoY to $9.9 billion. Also noteworthy was that its remaining performance obligations (RPO), which include preferred revenue and backlog, jumped 363% YoY to a very impressive $638 billion.
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#billion #valuation
2 months ago
