Oracle's Investor Day Bolstered Confidence in Company's Ability to Grow Revenue, Earnings, Oppenheimer Says
MT Newswires Live
Oct 17
Oracle's (ORCL) investor day bolstered confidence in the company's ability to be one of the fastest revenue and earnings growers in large cap technology stocks, Oppenheimer said in a Friday note.
The investor meeting provided for positive revisions to remaining performance obligations, Oracle Cloud Infrastructure, and the medium-term financials outlook, among other things, Oppenheimer said.
Oppenheimer said that the company's management introduced long-term earnings per share targets and gross margin goals for the Oracle Cloud Infrastructure and artificial intelligence consumption businesses.
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