📈   Oracle Post-Earnings: Multi-Cloud Strategy To Pay Off, Big Time - Upgrade To Buy

Finance

Oracle (NYSE:ORCL) kick-started its fiscal year 2025 yesterday, reporting 1QFY25 results and outlook, causing the stock to shoot higher in extended trading on a top and bottom-line beat in addition to an announcement of a partnership with Amazon's (AMZN) AWS. We're upgrading the stock to a buy after yesterday's results as we now think our thesis of "near-term challenges for Oracle's top-line growth due to softer enterprise, service provider, and government spending" has come and passed; the stock has performed relatively in line with the S&P 500 since our downgrade to hold back in October. We're now more optimistic on two accounts.

seekingalpha.com     Sep 10, 2024