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$ORCL oh my goodness - cloud revenue expected to grow +77% to $18 billion this year - backlog...
242 days ago•amit•amitisinvesting
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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Oracle (ORCL) saw a significant price increase of 22.07% to $291.12, driven by strong cloud revenue growth expectations. Cloud revenue is projected to reach $18 billion this year (+77%) and grow to $144 billion over the next four years, alongside a 359% increase in backlog to $455 billion. Investors should monitor ORCL's performance closely ahead of its next earnings report on September 9.

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