Oracle Earnings: Cloud Growth Expected Despite Macro Uncertainty

Oracle to report Q1 FY24 results today after market close. Strong cloud revenue growth expected amid macro uncertainty.
Cloud infrastructure and AI demand driving growth. Oracle's Gen2 Cloud emerging as top choice for AI companies to train large language models.
Analysts expect Q1 revenue of $12.45B, up from $11.4B last year. EPS estimate is $1.15, up 11.7% year-over-year.
Oracle stock up 56% YTD. Analysts positive but see limited upside ahead of earnings. Consensus price target implies 4.4% upside.
Options traders expect +/- 5.41% stock move after earnings, higher than historical average.

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Relevant topic timeline:

9/11/2023

Enterprises Question Cloud Value as Costs Skyrocket, Turn Back to On-Premises

As the cloud market continues to grow, some customers are questioning the cost and value of cloud-based infrastructure services, with concerns over hidden expenses, management challenges, and a lack of expected cost savings. Additionally, the rise of AI and the need for infrastructure for AI model training has shifted investment priorities away from server fleets and other projects.

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Oracle Stock Slips on Weak Guidance Despite AI Potential

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Posted 9/11/2023, 6:13:38 AM

Oracle Earnings: Cloud Growth Expected Despite Macro Uncertainty

Oracle to report Q1 FY24 results today after market close. Strong cloud revenue growth expected amid macro uncertainty.
Cloud infrastructure and AI demand driving growth. Oracle's Gen2 Cloud emerging as top choice for AI companies to train large language models.
Analysts expect Q1 revenue of $12.45B, up from $11.4B last year. EPS estimate is $1.15, up 11.7% year-over-year.
Oracle stock up 56% YTD. Analysts positive but see limited upside ahead of earnings. Consensus price target implies 4.4% upside.
Options traders expect +/- 5.41% stock move after earnings, higher than historical average.

tipranks.com

Relevant topic timeline:

9/11/2023

Enterprises Question Cloud Value as Costs Skyrocket, Turn Back to On-Premises

9/11/2023

Microsoft Beats on Earnings, Misses on Revenue in Q1 as Cloud Growth Continues

9/11/2023

Oracle Revenue Misses Expectations as Cloud Spending Slows

9/12/2023

Oracle Stock Slips on Weak Guidance Despite AI Potential

Oracle's stock is facing a decline, but now is a good time to invest in its AI potential.

9/21/2023

Oracle Reaffirms $65B Revenue Goal for 2026, Signs $1.5B AI Deal

Oracle reaffirms its projection of achieving $65 billion in revenue by 2026 and signs a $1.5 billion AI contract with a cloud provider.