Software major Oracle (ORCL) reported better-than-expected earnings in the third quarter, but its revenue came below analyst’s estimates. The company signed several large-scale cloud infrastructure deals during the third quarter and expects to sign more in the upcoming quarters. With ORCL expecting to end fiscal 2024 on a solid note, should investors consider buying the stock post-earnings? Keep reading.
Oracle Corporation (ORCL) reported its third-quarter results on March 11. The company comfortably surpassed the consensus EPS estimate, but its revenue came below Wall Street estimates. In this piece, I have discussed why it could be prudent to buy the stock now despite missing the consensus revenue estimate.
For the third quarter, ORCL’s
→ Continue reading at Entrepreneur