Jim Cramer’s Bullish Oracle Bet: Will It Pay Off?
Is Jim Cramer's optimism on Oracle (ORCL) justified? The company's latest quarter delivered a whopping 30% year-over-year revenue growth to $19.3 billion, with cloud infrastructure revenue skyrocketing 121% to $7.4 billion. However, concerns about the cost of AI expansion persist, with a $664 billion remaining performance obligation and a negative free cash flow of $5.4 billion. Cramer's bullish argument centers on Oracle's ability to convert its enormous backlog into revenue without funding the entire infrastructure buildout itself. But can the company meet its expectations of at least $90 billion in revenue and $8.10 non-GAAP EPS? Subscribe to our channel to stay up-to-date on the latest financial news and analysis.
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