2 days ago
Oracle's cloud growth outlook is 'absolutely remarkable': Analyst
In Oracle's (ORCL) fiscal fourth quarter results, the cloud infrastructure company posted revenue of $15.90 billion (vs. estimates of $15.59 billion) and adjusted earnings per share of $1.70 (vs. estimates of $1.64 per share), both figures topping Wall Street consensus estimates.
Oracle shares are getting a lift in Wednesday's extended hours on its earnings beat and strong guidance for fiscal full-year 2026.
Citizens Head of Technology Equity Research Pat Walravens comes on Market Domination Overtime to talk more about Oracle's growth rate expectations on its cloud business, its advantage against other hyperscalers, and the company's partnership with Nvidia (NVDA) that enables it to just focus on building out its infrastructure.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
