甲骨文26FYQ3财报点评:业绩好转,Saas继续反攻

塔子哥的随笔
Mar 12

甲骨文财报指引都好于预期,而资本开支、FCF、负债比例等也好于预期,故股价在财报后上涨,延续了近期反弹态势。展望后市,我们对甲骨文保持谨慎乐观态度。尽管其相关护城河和利润率存疑,而且债务和现金流承压,但考虑到其未来几年营收增长和相对毛利,现在的股价依旧具有较高的性价比,存在明显的上涨空间。我们预期甲骨文在27FY能够实现约910~930亿美元的营收,其中OCI云业务增长超过70%;今年Q2目标价为...

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