Oracle - The next cloud frontier?

But its never too late when share price recently edge to ATH.

But with cloud now acting as a catalyst for this tech company, what would investors need to take note of based on their latest FY 2023 results?

Revenue increased by a modest 18% YoY, aided by good growth for cloud services and license support.

Cloud license and the on-premise license was the laggard as the company opted to switch towards the "as-a-service" model from the conventional licensing model.

According to CEO Safra Catz, Oracle's cloud business is riding on the AI catalyst that helps boosts the cloud catalyst of the company.

Even though the topline showed growth, operating income wise Oracle actually saw a dip versus the previous FY.

Higher cloud services and license support, services, and amortization of intangible assets inflated total operating expenses by 33% YoY.

That drew down the operating income by 6% YoY, from USD 4.5 billion to USD 4.14 billion.

DISCLAIMER
The information available in this article/report/analysis is for sharing and education purposes only. This is neither a recommendation to purchase or sell any of the shares, securities, or other instruments mentioned; nor can it be treated as professional advice to buy, sell or take a position in any shares, securities, or other instruments. If you need specific investment advice, please consult the relevant professional investment advice and/or for study or research only.