genai / news / / Seeking Alpha
Oracle is a "Strong Buy," driven by surging cloud revenues and a massive AI-driven backlog, particularly from OpenAI.
Oracle's cloud revenues have grown 44% year-over-year, reaching $8.9 billion this year.
KEY POINTS
- Cloud now comprises over 50% of Oracle's total revenue, with infrastructure cloud up 84% year-over-year.
- OpenAI is a significant driver behind Oracle's massive AI-powered backlog and current cloud momentum.
- Oracle raised full-year revenue guidance to $90 billion, citing confidence in sustained cloud demand.
- Management projects 20% revenue growth for Q4, indicating acceleration despite broader sector weakness.
COMPANIES
Summarized by Newsio from Seeking Alpha. How we summarize →