Oracle shares are trading higher after the company reportedly said it sees FY29 revenue of at least $104 billion.
Portfolio Pulse from Benzinga Newsdesk
Oracle shares are experiencing an uptick following the company's announcement of a projected revenue of at least $104 billion for its fiscal year 2029.
September 12, 2024 | 8:14 pm
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Oracle's stock is trading higher due to the company's optimistic revenue forecast of at least $104 billion for FY29, indicating strong future growth expectations.
The announcement of a significant revenue target for FY29 suggests strong growth prospects, which is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100