Oracle's Multi-Cloud Strategy Shows Promising Results Post Earnings
Tuesday, 10 September 2024, 18:18
Oracle's Multi-Cloud Strategy
Oracle recently posted impressive earnings, showcasing the success of its multi-cloud strategy. The company reported a sequential RPO growth this quarter, which is notable given the seasonal decline usually experienced in Q1.
Key Highlights
- Sequential RPO Growth: Highlighting Oracle's upward trajectory.
- Momentum Confirmation: Reinforcing investor confidence.
- Seasonal Offset: Breaking the pattern of decline typically seen in the first quarter.
Market Impact
Investors are responding positively, with an upgrade to buy recommended for Oracle (ORCL) stock.
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