Oracle: 'We expect that 43% of our current $80 billion of Remaining Performance Obligations will be recognized as revenue over the next four quarters, and that our Gen2 Cloud Infrastructure business will remain in a hypergrowth phase—up 53% in Q3—for the foreseeable future'
Portfolio Pulse from Benzinga Newsdesk
Oracle anticipates recognizing 43% of its $80 billion Remaining Performance Obligations as revenue in the next four quarters. Its Gen2 Cloud Infrastructure business, which grew 53% in Q3, is expected to continue its hypergrowth phase.
March 11, 2024 | 8:07 pm
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Oracle expects significant revenue recognition from its performance obligations and continued hypergrowth in its Gen2 Cloud Infrastructure business.
Oracle's projection of recognizing a substantial portion of its performance obligations as revenue and the continued hypergrowth of its Gen2 Cloud Infrastructure business are strong indicators of its financial health and growth prospects. This positive outlook is likely to influence investor sentiment positively, leading to a potential increase in stock price in the short term.
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