Oracle Corporation Ticker: $ORCL Current price: 102.08$ Ta | 🚀 Robin Rocket

Oracle Corporation
Ticker: $ORCL

Current price: 102.08$
Target price: 115$

Oracle Corporation is an American technology company. Engaged in the development, production and sale of corporate software and hardware. In addition, it provides consulting and other services.

Oracle revenue rose 6% year-on-year to $10.4 billion for the period ended November 30.

Sales of Oracle cloud infrastructure and applications grew by an impressive 22%.

The company now has 8,500 Fusion ERP clients with revenue growth of 35% and 28,400 NetSuite EBP clients with revenue growth of 29%.

Adjusted operating income increased 6% to $4.9 billion. And its adjusted earnings per share, which was boosted by share buybacks, rose 14% to $1.21.

Not an investment recommendation