Oracle $ORCL is proving that old tech can still deliver new growth.
The $600B enterprise software giant just posted a double beat, and the stock surged 13.3% to fresh all-time highs.
Buyers followed through on Friday with an additional 7.7% increase.
It’s the latest sign that Oracle’s multi-year cloud transformation is working.
After decades as a dominant database provider, Oracle has successfully repositioned itself as a modern cloud infrastructure and applications company.
And that pivot is accelerating.
Total revenues are ramping higher, and the management team expects this to accelerate.
They raised full-year revenue guidance to the fastest in decades.
In addition, they're benefiting from major tailwinds in generative AI and large language model training.
Partnerships with Nvidia, OpenAI, and Microsoft are positioning them as a key player in the future of cloud computing.
And the market is rewarding this shift.
The market is consistently rewarding the stock for its earnings reports..
Oracle has quietly re-entered the conversation as one of the most essential platforms in enterprise software.
So what else did we learn from this earnings report? Let’s dive into the details.
Here are the latest earnings stats for ORCL 👇
*Click the image to enlarge it
Oracle had a +4.42 reaction score after reporting a double beat.
The company reported revenues of $15.90B, versus the expected $15.58B, and earnings per share of $1.70, versus the expected $1.64.
Now let's dive into the data and talk about what happened with this report 👇
ORCL has been rewarded for 4 of its last 6 earnings reports:
Oracle rallied 13.3% after this earnings report, and here's why:
Revenues ramped higher by 11% to $15.9 billion.
The management team dramatically raised guidance. They're expecting revenues of $67B, a 16% increase.
Additionally, they expect cloud infrastructure revenue to grow over 70%, up from 51%.
This is exactly what the market wanted to see.
The company has spent several years rebranding itself from a legacy database vendor into a full-stack enterprise cloud company.
And the technical setup couldn’t be cleaner.
After consolidating for several months, the price finally cleared a key shelf of former highs.
The breakout launched shares to new all-time highs, confirming this move's fundamental and technical momentum.
If ORCL is above 198, the path of least resistance is higher for the foreseeable future.
Thank you for reading.
- The Beat Report Team
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