Oracle had a strong quarter and saw its revenue increase by 25%. Even with Cerner excluded, total revenue increased by 9% in constant currency, exceeding Q1 and surpassing revenue from the same period last year. Although the currency headwind has been high, the company managed to pull off an all-around beat. Oracle's liquidity is also solid as it held over $7.4 billion in cash and marketable securities at the end of the quarter. The company currently has 40 public cloud regions worldwide, and 9 ....
21 Jan 2023
Oracle Corporation: New Cloud Zone & Other Developments, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (01/23)
Sign up to access
Get access to our full offering from over 100 providers
Get access to our full offering from over 100 providers
Oracle Corporation: New Cloud Zone & Other Developments, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (01/23)
- Published:
21 Jan 2023 -
Author:
Ishan Majumdar -
Pages:
27 -
Oracle had a strong quarter and saw its revenue increase by 25%. Even with Cerner excluded, total revenue increased by 9% in constant currency, exceeding Q1 and surpassing revenue from the same period last year. Although the currency headwind has been high, the company managed to pull off an all-around beat. Oracle's liquidity is also solid as it held over $7.4 billion in cash and marketable securities at the end of the quarter. The company currently has 40 public cloud regions worldwide, and 9 ....