Oracle Accelerates Cloud Infrastructure Business to 45% and Announces AWS Partnership - Shares hit new all-Time Highs!
Oracle (ORCL) continues to record high demand for infrastructure solutions for AI applications. In the first quarter, business with Oracle Cloud Infrastructure accelerated from 42 % to 45 % thanks to large contracts. Due to seasonal effects, contractual performance obligations have always declined here over the last five years, although this time there was sequential growth. Cloud RPO grew by 80% and is responsible for three quarters of total RPO, which increased by 52% to $99 billion. The company's own SaaS offerings are aligned with its own...
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The company\'s own SaaS offerings are aligned with its own Oracle Autonomous Database, the world\'s only autonomous and fully self-driving database, which is expected to deliver cloud cost savings of 50% thanks to automation and more efficient hardware utilization. There are new AI applications for healthcare with Cerner. There is also a new partnership with Amazon to offer the database to its own customers for multi-cloud strategies via Oracle Database@AWS. There are similar partnerships with Microsoft and Google. The databases are also the key to scaling and managing the current 162 data centers and expanding to 1,000 or even 2,000 facilities in the future. Now the construction of a 1 GW data center is to be started, which will be operated with three small modular nuclear reactors.
Analysts at JMP Securities reacted to the strong first quarter on September 10 with a price target adjustment to $175 "Outperform" from "Market Perform", rewarding the transition from single-digit to double-digit organic growth rates for the first time in 13 years, for which CEO Safra Catz is very confident for the current fiscal year 2025. According to JMP, this is possible because Oracle has successfully developed into a leading strategic provider of cloud platform services. The sales target of $65 billion by 2026 still seems too conservative and a breakout to a new all-time high will give traders new buy signals.
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