Oracle's Stock Soars on Strong Earnings and Amazon Partnership

Oracle shares jump as AI push perks up cloud demand

Oracle shares rose more than 10% on Tuesday as a push to embed AI into its cloud service products boosted its first-quarter results and helped it narrow the gap with market leaders. Despite being a late entrant to the cloud business, the company's rapid AI investments has made its software an attractive option for companies looking to streamline operations. Revenue from its cloud products, seen as a less expensive option compared to that of Microsoft and Amazon , rose 21% to $5.6 billion the first quarter, while its overall revenue of $13.31 billion beat estimates. Stifel analysts said Oracle's revenue will grow further, thanks to increasing AI infrastructure bookings and its tie-ups with cloud services. If current share gains hold, Oracle is set to add around $39 billion to its market value. Its shares have risen more than 32% this year, while Microsoft and Amazon have added 8% and 15%, respectively. The stock is trading at a forward price-to-earnings ratio of 21.30. It was 29.81 for Microsoft and 31.50 for Amazon. At least 10 brokerages have raised their target price for Oracle's stock since Monday. Oracle's cloud infrastructure is also powered by Nvidia's hardware, which is considered the gold standard for AI chips. Oracle is also partnering with rival cloud service providers to make it simpler for customers to connect their data across vendors. On Monday, it announced a tie-up with Amazon Web Services, after having signed a similar deal with Alphabet's Google Cloud in June. "Now with the help of all big three (Azure, Google Cloud and now AWS joining force), we will continue to observe a nice cloud revenue lift as well as growth acceleration thanks to the multi-cloud partnership," Bernstein analysts said in a note.

Oracle shares jump as AI push perks up cloud demand

Stifel analysts said Oracle's revenue will grow further, thanks to increasing AI infrastructure bookings and its tie-ups with cloud services. If current share gains hold, Oracle is set to add around $39 billion to its market value. Its shares have risen more than 32% this year, while Microsoft and Amazon have added 8% and 15%, respectively. The stock is trading at a forward price-to-earnings ratio of 21.30. It was 29.81 for Microsoft and 31.50 for Amazon. At least 10 brokerages have raised their target price for Oracle's stock since Monday. Oracle's cloud infrastructure is also powered by Nvidia's hardware, which is considered the gold standard for AI chips. Oracle is also partnering with rival cloud service providers to make it simpler for customers to connect their data across vendors. On Monday, it announced a tie-up with Amazon Web Services, after having signed a similar deal with Alphabet's Google Cloud in June. "Now with the help of all big three (Azure, Google Cloud and now AWS joining force), we will continue to observe a nice cloud revenue lift as well as growth acceleration thanks to the multi-cloud partnership," Bernstein analysts said in a note. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Leroy Leo)

Oracle shares jump as AI push perks up cloud demand

STORY: Oracle shares jumped more than 14% in Tuesday morning trading as a push to embed artificial intelligence into its cloud products boosted quarterly results. Oracle was a late entrant to the cloud business, but its rapid AI investments have helped it narrow the gap with market leaders Microsoft and Amazon. Revenue from its cloud products, seen as less expensive than those from Microsoft and Amazon, rose 21% to $5.6 billion in the first quarter. And its overall revenue of $13.3 billion beat estimates. Oracle is also partnering with rival cloud service companies to make it simpler for customers to connect their data across vendors. On Monday, the company announced a tie-up with Amazon Web Services, having signed a similar deal with Alphabet's Google Cloud in June. And Oracle's cloud infrastructure is powered by Nvidia's hardware, considered the gold standard for AI chips. Shares have risen more than 32% this year. If Tuesday's stock gains hold, Oracle would add another $39 billion to its market value.

Oracle shares jump as cloud growth fuels strong results

"Q1 results were good overall and remain fundamentally positive on certain aspects of Oracle's narrative, particularly Oracle's ability to capitalize on AI training-related opportunities," JP Morgan analysts said in a note. Oracle's shares have risen more than 32% this year, while Microsoft and Amazon have added 8% and 15%, respectively. Oracle's cloud infrastructure is also powered by Nvidia's hardware, widely considered the gold standard for AI semiconductors. The company is also partnering with rival cloud service providers to make it simpler for its customers to connect their data across vendors. On Monday, it announced a tie-up with Amazon Web Services, after having signed a similar one with Alphabet's Google Cloud in June. "Now with the help of all big three (Azure, Google Cloud and now AWS joining force), we will continue to observe a nice cloud revenue lift as well as growth acceleration thanks to the multi-cloud partnership," Bernstein analysts said in a note. Oracle trades at a forward price-to-earnings ratio of 21.30, while Microsoft stood at 29.81 and Amazon at 31.59. At least five brokerages have raised their target price since Monday. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Leroy Leo)

Oracle shares jump as cloud growth fuels strong results

(Reuters) - Oracle shares rose more than 9% in premarket trading on Tuesday as the cloud computing company's upbeat quarterly results and forecast reinforced investor confidence about its ability to narrow the gap with the market leaders. The Texas-based firm's cloud business - viewed as a less expensive option to leaders Microsoft and Amazon - has seen rapid adoption due to integration of artificial intelligence. Oracle's cloud services revenue rose 21% to $5.6 billion in the first quarter. Its overall revenue of $13.31 billion beat estimates of $13.23 billion. "Q1 results were good overall and remain fundamentally positive on certain aspects of Oracle's narrative, particularly Oracle's ability to capitalize on AI training-related opportunities," JP Morgan analysts said in a note. Oracle's shares have risen more than 32% this year, while Microsoft and Amazon have added 8% and 15%, respectively. Oracle's cloud infrastructure is also powered by Nvidia's hardware, widely considered the gold standard for AI semiconductors. The company is also partnering with rival cloud service providers to make it simpler for its customers to connect their data across vendors. On Monday, it announced a tie-up with Amazon Web Services, after having signed a similar one with Alphabet's Google Cloud in June. "Now with the help of all big three (Azure, Google Cloud and now AWS joining force), we will continue to observe a nice cloud revenue lift as well as growth acceleration thanks to the multi-cloud partnership," Bernstein analysts said in a note. Oracle trades at a forward price-to-earnings ratio of 21.30, while Microsoft stood at 29.81 and Amazon at 31.59. At least five brokerages have raised their target price since Monday. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Leroy Leo)

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Oracle shares jump as AI push perks up cloud demand If current share gains hold, Oracle is set to add around $39 billion to its market value. Its shares have risen more than 32% this year, while Microsoft and Amazon have added 8% and 15%, respectively. Lisa Bernhard has more.

Oracle's stock pops on strong earnings beat, driven by rampant cloud growth and new cloud partnerships - SiliconANGLE

Oracle's stock pops on strong earnings beat, driven by rampant cloud growth and new cloud partnerships Shares of Oracle Corp. hit an all-time high in extended trading today, after the database company delivered strong first-quarter results that topped analysts' forecasts and announced a new partnership with the most dominant cloud infrastructure provider, Amazon Web Services Inc. Oracle reported earnings before certain costs such as stock compensation of $1.39 per share, comfortably ahead of the analysts' target of $1.32. Revenue in the quarter rose 8% from a year earlier to $13.31 billion, better than the Street's estimate of $13.23 billion. Those results helped to boost the company's overall profitability, with net income for the period rising to $2.93 billion, up from $2.42 billion in the same period one year earlier. Oracle Chief Executive Safra Catz highlighted strong growth across a number of other metrics during the quarter. "Non-GAAP operating income was up 14% in constant currency to $5.7 billion, and non-GAAP EPS was up 18% in constant currency to $1.39 in Q1," she said. The company revealed growth across all of its main business segments, with cloud services and license support revenue rising 10% from a year earlier to $10.52 billion, ahead of the Street's consensus estimate of $10.47 billion. Meanwhile , cloud infrastructure revenue came to $2.2 billion, up 45% from a year earlier and also accelerating from the prior quarter, when it grew by just 42%. Elsewhere, cloud and on-premises license revenue was up 7% to $870 million, ahead of the $757.6 million consensus. "I will say that demand is still outstripping supply," Catz told analysts on a conference call. "But I can live with that." Catz was referring to Oracle's remaining performance obligations, which increased 53% from a year earlier to a record $99 billion at the end of the quarter. RPO is a metric that refers to a company's total contracted revenue from services or products yet to be delivered. "That strong contract backlog will increase revenue growth throughout FY25," the CEO added. Jefferies analyst Brent Hill told MarketWatch that the 53% growth in backlog was the biggest highlight of Oracle's latest results and likely one of the key factors driving its stock gains today. Valoir Research analyst Rebecca Wettemann told SiliconANGLE that Oracle's cloud growth was fueled by the growing importance of its infrastructure for artificial intelligence developers. She pointed out that a number of AI startups have chosen to deploy on Oracle Cloud Infrastructure, while the company offers more than 50 generative AI capabilities aimed at its database customers. "Oracle is not charging for generative AI capabilities when they're delivered in the context of existing apps like HCM, finance, and CX so there's less friction to adopt," Wettemans said. "That's in contrast to Microsoft's approach of charging extra for standalone copilots." On the conference call, Oracle founder and Chief Technology Officer Larry Ellison talked about the company's accelerating investments in its cloud infrastructure, noting that it now has 163 cloud data centers either in operation or currently under construction. He said the largest of those data centers under construction is 800 megawatts and will provide access to "acres of Nvidia GPU clusters", referring to the popular graphics processing units that are used for training AI models. Ellison also discussed the sustainability of the company's future data centers and its future ambitions. He said that it's currently designing a facility that will use over a gigawatt of power, fueled by three modular nuclear reactors. Over time, Oracle might operate 2,000 data centers globally, but not all of them will be energy hogs, he insisted. "The smallest are about 150 kilowatts," Ellison said. "And we're going to get down to 50 kilowatts." Looking ahead, Oracle said it's anticipating revenue growth in the current quarter of between 8% and 10%, which is more or less in-line with the Street's forecast for growth of 9%. The company also forecasts earnings before certain costs of $1.45 to $1.49 per share, again in-line with the Street's estimate, of $1.47 per share. The earnings call came as Oracle kicked off its annual customer conference, Oracle Cloud World, where it revealed it has forged a long overdue partnership with AWS to bring its database services to the world's most popular cloud infrastructure. "AWS customers will get easy and convenient access to the Oracle database when we go live in December later this year," Catz said. The company also announced expanded availability of its database services on Microsoft Azure and Google Cloud. Investors liked what they saw, with Oracle's stock gaining more than 8% in extended trading to hit a record high of $153, ahead of its previous all-time best of $145.03 in July. In the year to date, Oracle's stock has grown 34%.

Oracle's stock pops on strong earnings beat, driven by cloud growth and new partnerships - SiliconANGLE

Oracle's stock pops on strong earnings beat, driven by cloud growth and new partnerships Shares of Oracle Corp. hit an all-time high in extended trading today, after the database company delivered strong first-quarter results that topped analysts' forecasts and announced a new partnership with the most dominant cloud infrastructure provider, Amazon Web Services Inc. Oracle reported earnings before certain costs such as stock compensation of $1.39 per share, comfortably ahead of the analysts' target of $1.32. Revenue in the quarter rose 8% from a year earlier to $13.31 billion, better than the Street's estimate of $13.23 billion. Those results helped to boost the company's overall profitability, with net income for the period rising to $2.93 billion, up from $2.42 billion in the same period one year earlier. Oracle Chief Executive Safra Catz highlighted strong growth across a number of other metrics during the quarter. "Non-GAAP operating income was up 14% in constant currency to $5.7 billion, and non-GAAP EPS was up 18% in constant currency to $1.39 in Q1," she said. The company revealed growth across all of its main business segments, with cloud services and license support revenue rising 10% from a year earlier to $10.52 billion, ahead of the Street's consensus estimate of $10.47 billion. Meanwhile , cloud infrastructure revenue came to $2.2 billion, up 45% from a year earlier and also accelerating from the prior quarter, when it grew by just 42%. Elsewhere, cloud and on-premises license revenue was up 7% to $870 million, ahead of the $757.6 million consensus. "I will say that demand is still outstripping supply," Catz told analysts on a conference call. "But I can live with that." Catz was referring to Oracle's remaining performance obligations, which increased 53% from a year earlier to a record $99 billion at the end of the quarter. RPO is a metric that refers to a company's total contracted revenue from services or products yet to be delivered. "That strong contract backlog will increase revenue growth throughout FY25," the CEO added. Jefferies analyst Brent Hill told MarketWatch that the 53% growth in backlog was the biggest highlight of Oracle's latest results and likely one of the key factors driving its stock gains today. Valoir Research analyst Rebecca Wettemann told SiliconANGLE that Oracle's cloud growth was fueled by the growing importance of its infrastructure for artificial intelligence developers. She pointed out that a number of AI startups have chosen to deploy on Oracle Cloud Infrastructure, while the company offers more than 50 generative AI capabilities aimed at its database customers. "Oracle is not charging for generative AI capabilities when they're delivered in the context of existing apps like HCM, finance, and CX so there's less friction to adopt," Wettemans said. "That's in contrast to Microsoft's approach of charging extra for standalone copilots." On the conference call, Oracle founder and Chief Technology Officer Larry Ellison talked about the company's accelerating investments in its cloud infrastructure, noting that it now has 163 cloud data centers either in operation or currently under construction. He said the largest of those data centers under construction is 800 megawatts and will provide access to "acres of Nvidia GPU clusters", referring to the popular graphics processing units that are used for training AI models. Ellison also discussed the sustainability of the company's future data centers and its future ambitions. He said that it's currently designing a facility that will use over a gigawatt of power, fueled by three modular nuclear reactors. Over time, Oracle might operate 2,000 data centers globally, but not all of them will be energy hogs, he insisted. "The smallest are about 150 kilowatts," Ellison said. "And we're going to get down to 50 kilowatts." Looking ahead, Oracle said it's anticipating revenue growth in the current quarter of between 8% and 10%, which is more or less in-line with the Street's forecast for growth of 9%. The company also forecasts earnings before certain costs of $1.45 to $1.49 per share, again in-line with the Street's estimate, of $1.47 per share. The earnings call came as Oracle kicked off its annual customer conference, Oracle Cloud World, where it revealed it has forged a long overdue partnership with AWS to bring its database services to the world's most popular cloud infrastructure. "AWS customers will get easy and convenient access to the Oracle database when we go live in December later this year," Catz said. The company also announced expanded availability of its database services on Microsoft Azure and Google Cloud. Investors liked what they saw, with Oracle's stock gaining more than 8% in extended trading to hit a record high of $153, ahead of its previous all-time best of $145.03 in July. In the year to date, Oracle's stock has grown 34%.

AI-Fueled Earnings Growth and an Amazon Deal Have Oracle Stock Soaring

Oracle and Amazon Web Services also announced a multicloud partnership. Oracle (ORCL) shares jumped in extended trading Monday after the software giant reported fiscal first-quarter results that topped analysts' expectations and announced a new partnership with Amazon (AMZN). Oracle reported first-quarter revenue grew 7% year-over-year to $13.3 billion and earnings per share rose to $1.03 from 86 cents a year ago, both of which surpassed analyst estimates compiled by Visible Alpha. Cloud Services, Oracle's largest business, delivered revenue growth of 21% to $5.6 billion as the company said demand for training AI large language models in the cloud surged. Oracle CEO Safra Catz also said its "strong contract backlog will increase revenue growth throughout FY25." Oracle Announces AWS Partnership Oracle Cloud Infrastructure (OCI) revenue surged 45% year-over-year to $2.2 billion, and the company launched a new multicloud partnership with Amazon Web Services (AWS) that it expects to drive additional growth. The partnership is designed to allow customers to access Oracle database technology using AWS cloud data centers. The companies said they would provide more details about the agreement at the Oracle CloudWorld conference on Tuesday. Shares of Oracle were up over 9% at $152.90 in extended trading Monday following the release.

Oracle's AI-Driven Partnerships Post Q1 Earnings Beat: Details - Oracle (NYSE:ORCL)

New partnerships with Guardian Life, Anduril, and RAFAEL enhance Oracle's cloud and AI capabilities, driving efficiency and innovation. Oracle Corporation ORCL shares are trading higher following better-than-expected first-quarter financial results. Oracle reported first-quarter earnings of $1.39 per share, which beat the consensus of $1.32 and revenue of $13.307 billion, exceeding the consensus estimate of $13.231 billion. Several analysts raised their price targets on the stock. Maintaining a Neutral rating, B of A Securities boosted the price target to $175 from $155. Also, Morgan Stanley raised the price target to $145 from $125 and reiterated an Equal-Weight rating. Also, JPM Securities upgraded the company to Market Outperform from Market Perform. Also Read: Oracle Analysts Focus On AI-Driven Bookings Strength, Expect Revenue Acceleration To Continue Today, the company announced several new partnerships with various companies. Clayton, a national builder of single-family attainable housing, will streamline its business processes through the Oracle Fusion Cloud Applications Suite. Moreover, Evidium, a healthcare AI startup focused on reliability, transparency, and safety, will power its referenced healthcare AI platform through Oracle Cloud Infrastructure (OCI). Additionally, Oracle was selected by Modal Labs, a serverless platform for AI, ML, and data developers, to offer faster and more cost-efficient inferencing, fine-tuning, and batch processing. Apart from this, Oracle partnered with Guardian Life to streamline its finance operations using Oracle Fusion Cloud ERP. The implementation has increased productivity, reduced costs, and improved decision-making through AI innovations. Also, Oracle teamed up with Anduril to deploy Anduril's Lattice C2 platform on OCI and OCI Roving Edge Infrastructure. Oracle collaborated with RAFAEL to enhance combat solutions, enabling faster decision-making during mission-critical scenarios. On Monday, Oracle and AWS launched Oracle Database@AWS to provide customers with a unified experience between OCI and AWS. Also, Investors can gain exposure to the stock via Pacer Funds Pacer Data And Digital Revolution ETF TRFK and IShares Expanded Tech-Software Sector ETF IGV. Price Action: ORCL shares are up 11.5% at $155.99 at the last check Tuesday. Photo: Michael Vi/Shutterstock Read Next: Nasdaq, S&P 500 Futures Slip As Traders Eye Presidential Debate, Oracle Rallies Over 8%: Economist Points This Shift In Broader Market Trend Amid Flurry Of Weak Data Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Oracle Reports Strong Results And Amazon Partnership - Oracle (NYSE:ORCL)

On Monday, Oracle Corporation ORCL reported its fiscal first quarter results, with both revenue and earnings surpassing Wall Street expectations. In addition, Oracle also announced it joined forces with its cloud rival, no other than the tech titan and cloud leader, Amazon.com Inc AMZN. Fiscal first quarter highlights For the quarter ended on August 31st, Oracle reported overall revenue rose 8% YoY to $13.31 billion, surpassing LSEG's consensus estimate of $13.23 billion. Cloud services revenue rose 21% YoY to $5.6 billion Powered by hardware from Nvidia Corporation NVDA, cloud infrastructure revenue slightly accelerated from the May quarter as it increased 45% to $2.2 billion. In the previous quarter, Oracle reported growth of 42%. But ,this is still lower from quarters preceding the May one that recorded cloud sales growth of 49%, 52% and 66% consecutively. Oracle's contracted work, grew 53% YoY to $99 billion. Graphics processing unit won as many as 42 new cloud contracts worth $3 billion with Oracle constructing a data center with acres of Nvidia GPU Clusters for training large scale AI models. Cloud services and license support brought in $10.52 billion as revenue grew 10% YoY. Cloud and on-premises license unit reported revenue growth of 7%, bringing in $870 million. Net income rose to $2.93 billion, or $1.03 per share while adjusted earnings amounted to $1.39 per share, also surpassing LSEG's estimate of $1.32. During the quarter, Oracle announced its database software will be available through Alphabet Corporation GOOGGOOGL-owned Google's public cloud. Amazon joins in after Google and Microsoft Corporation MSFT. Along with its fiscal first quarter earnings release, Oracle also revealed it will bring database services to Amazon Web Services. Oracle already signed a similar agreement back in June, with another Big Tech titan, Google Cloud. Its existing partnership with Microsoft got expanded earlier this year to meet growing consumer demand across the globe. Therefore, Oracle has now signed agreements with the biggest cloud players. Seemingly, Microsoft, Amazon, Google and Oracle have put their differences aside to satisfy their consumers, providing them with choice and flexibility in cloud offerings. While there was speculation of Amazon following the footsteps of Microsoft and Google, there was also uncertainty due to the complicated history between Oracle CTO, Larry Elison and Amazon CEO, Andy Jassy, who was previously in charge of AWS. But, these differences have clearly been put aside for the two to offer Oracle Database@AWS. The partnership will be discussed in more detail during the ongoing Oracle's annual CloudWorld event that is taking place in Las Vegas. Outlook For the current quarter, Oracle guided for revenue growth between 8% and 10% with adjusted earnings per share between $1.45 to $1.49. For the May-ending fiscal 2025-year, Oracle is targeting reach double-digit revenue growth while aiming for revenue of $65 billion for the fiscal year 2026. Cloud growth and AI potential is the fuel that Oracle needed Oracle touted its AI momentum that was fueled by contracts from AI-focused startups, managing to offset its other struggles. Oracle positioned itself well for offering less expensive cloud offerings compared to market leaders, Amazon and Microsoft. While Amazon and Microsoft shares rose 8% and 15%, respectively, Oracle shares surged more than 32% this year, reflecting its AI-era potential. DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice. This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy. Market News and Data brought to you by Benzinga APIs

Oracle Analysts Focus On AI-Driven Bookings Strength, Expect Revenue Acceleration To Continue - Oracle (NYSE:ORCL)

The company announced a multi-cloud partnership with Amazon. Shares of Oracle Corp ORCL climbed in early trading on Tuesday, after the company reported upbeat fiscal first-quarter results. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. JMP Securities analyst Patrick Walravens upgraded the rating to Market Outperform with a price target of $175. KeyBanc Capital Markets analyst Jackson Ader reaffirmed an Overweight rating, while raising the price target from $165 to $175. Stifel analyst Brad Reback maintained a Hold rating, while lifting the price target from $135 to $155. JPMorgan analyst Mark Murphy reiterated a Neutral rating and price target of $120.JPMorgan Bank of America Securities analyst Brad Sills reiterated a Neutral rating, while raising the price target from $155 to $175. Check out other analyst stock ratings. JMP Securities: Oracle reported better-than-expected results for the fiscal first quarter, with non-GAAP earnings of $1.39 per share, above consensus of $1.32 per share and operating margins of 42.9%, beating consensus of 42.2%, Walravens said in the upgrade note. Revenues came in at $13.31 billion, higher than consensus of $13.20 billion, and revenue growth accelerated to 7% year-on-year, from the previous quarter's 3%, he added. RPO (remaining performance obligation) came in at $98 billion, accelerating to 53% year-n-year growth, from the last quarter's 44% growth, the analyst stated. Management guided to non-GAAP earnings of $1.45-$1.49 per share for the fiscal second quarter, better than consensus of $1.47, while the revenue guidance came in-line with expectations, he further said. KeyBanc Capital Markets: Although Oracle's total RPO accelerated, the growth rate "was up against the easiest comparable from FY24 and slowed pretty significantly on a two-year stack basis," Ader said. He added, however, that this growth is sufficient to offset concerns around OCI recognized revenue. Oracle's capex entering the quarter was $2.3 billion, significantly below KeyBanc's estimate of $3.0 billion. "This is obviously positive for cash flow in the quarter, but there is a lingering question around the Company's ability to secure the infrastructure that it needs to make sure the RPO flows into revenue in a timely fashion," the analyst wrote. Stifel: Oracle recorded $1.1 billion worth of sequential RPO growth "during the seasonality light 1Q as AI driven bookings strength continued with 42 new GPU deals," Reback said in a note. Management reiterated their plans to double capex to around $15 billion, he added. The company also projected Cloud Growth of more than 50%, "which would imply a significant acceleration on both parts from $2.3B and 45% in Q1, respectively," the analyst stated. "We believe continued revenue acceleration is likely as AI infrastructure bookings strength converts over-time and hyperscaler database partnerships scale medium-term," he further wrote. JPMorgan: Oracle announced a multi-cloud partnership with Amazon.com Inc's AMZN AWS, similar to the ones with Microsoft Corp's MSFT Azure and Alphabet Inc's GOOG GCP, Murphy said. "Taken as a whole, while we'd prefer to see the Total Revenue upside driven more by recurring revenue," he added. "Although the fiscal first-quarter results were "good overall," there likely is no material upside to consensus estimates as of now, the analyst stated. He expressed optimism around Oracle's ability to capitalize on AI training-related opportunities." BofA Securities: "Oracle delivered another quarter of accelerating RPO growth (53% y/y from 44%) as the company continues to transition to the cloud," Sills wrote in a note. He added, however, that cRPO decelerated to 18%, from 33% in the previous quarter, suggesting that the fiscal first-quarter RPO "likely benefitted from duration and some larger Oracle DB migration deals." "The outlook was somewhat mixed, with expected Q2 revenue growth of 8% cc below our 9%," the analyst said. Oracle would need to ramp up aggressively in the back half of the year to achieve its fiscal 2025 outlook for double digit growth, he further stated. ORCL Price Action: Shares of Oracle had risen by 13.52% to $158.81at the time of publication on Tuesday. Now Read: Lazard Small-Cap Expert Predicts 30-50% Russell 2000 Rally On The Back Of Lower Interest Rates Image: Shutterstock Market News and Data brought to you by Benzinga APIs

Amazon and Oracle Partnership Unlocks Major Cloud Growth Opportunity, Analyst Suggests - Amazon.com (NASDAQ:AMZN)

AWS and Oracle partnership enhances database access, fueling growth opportunities. BofA Securities analyst Justin Post maintained a Buy rating on Amazon.Com Inc AMZN with a price target of $210. The re-rating followed Oracle Corp ORCL and Amazon Web Services' new partnership, which connects Oracle's Autonomous Database & Exadata Database and AWS applications. AWS customers would benefit from more seamless access to their data, simplified database administration, billing, and unified customer support, Post noted. Also Read: Amazon Targets Walmart's Grocery Market with Expanded Prime Discounts Post said that Oracle and Amazon were competitive with database customers. Hence, the new partnership suggests that cloud providers have a sizable opportunity to unlock demand for infrastructure and applications using data housed within Oracle's databases. According to Oracle, partnerships with leading Cloud providers are already driving growth. AWS CEO Matt Garman also spoke at an investor conference, outlining optimism for artificial intelligence demand and AWS' differentiated infrastructure. Despite concerns about AI-related disruption to AWS' strong Cloud industry position, Post said the CEO commentary suggests optimism on AI-related demand and differentiated AWS AI infrastructure to drive client wins. Also, Amazon is walking a fine line between promoting its cost-efficient infrastructure and featuring Nvidia Corp's NVDA strong GPU capabilities. Still, he flagged customer choice as a differentiated and compelling offering. The price target reflects Post's Sum Of The Parts (SOTP) analysis, which values the 1P retail business at 1.2 times 2025E Revenue (including subscription and Prime membership fees), the 3P retail business at 3.0 times 2025E Revenue, AWS at 8.0 times 2025 Sales, and the advertising business at 5.0 times 2025 Sales. For 2025E, Post's 8.0 times AWS multiple is relatively below the analyst's SaaS comps at 8.5 times, his 1.2 times GMV multiple is a discount to his retail comps at 1.3 times, and his 5.0 times advertising multiple is a discount to his digital advertising comps at 5.2 times, which are warranted given growth rates in excess of peers. Oracle Stock Prediction For 2024 Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory. Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Oracle, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Oracle, the 200-day moving average sits at $123.04, according to Benzinga Pro, which is below the current price of $156.09. For more on charts and trend lines, see a description here. Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable. Price Action: AMZN stock is up 2.54% at $179.86 at the last check on Tuesday. Photo via Company Market News and Data brought to you by Benzinga APIs