Oracle Is Fighting For Its Place Under The Cloud Sun
Portfolio Pulse from Upwallstreet
Oracle Corporation reported better-than-expected fiscal Q4 results and revenue guidance, with $13.84 billion in revenue, a 17% YoY growth. The company's cloud services and license support revenue grew 23% to $9.37 billion, while cloud infrastructure revenue expanded 76% to $1.4 billion. Oracle also partnered with start-up Cohere to bring generative artificial intelligence to its cloud service.
June 14, 2023 | 3:40 pm
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POSITIVE IMPACT
Oracle's better-than-expected fiscal Q4 results and strong cloud services growth may boost investor confidence.
Oracle's strong fiscal Q4 results, driven by cloud services and infrastructure growth, indicate a successful business model transformation. This may lead to increased investor confidence and a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Oracle's cloud growth may increase competition for Amazon Web Services.
As Oracle's cloud services and infrastructure continue to grow, it may pose a competitive threat to Amazon Web Services, potentially impacting Amazon's stock negatively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Oracle's cloud growth may increase competition for Google Cloud.
Oracle's cloud services and infrastructure growth may pose a competitive threat to Google Cloud, potentially impacting Google's stock negatively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Oracle's cloud growth may increase competition for Google Cloud.
Oracle's cloud services and infrastructure growth may pose a competitive threat to Google Cloud, potentially impacting Alphabet's stock negatively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Oracle's cloud growth and AI partnership with Cohere may increase competition for Microsoft.
Oracle's strong cloud growth and AI partnership with Cohere may increase competition for Microsoft in the cloud and AI markets, potentially having a negative short-term impact on Microsoft's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50