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Oracle Poised for Strong Q4 Earnings Amid AI and Cloud Growth
Oracle Poised for Strong Q4 Earnings Amid AI and Cloud Growth
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Oracle Corporation (ORCL) is gearing up to report fiscal Q4 earnings on June 11, with Barclays analyst Raimo Lenschow forecasting a 'comeback quarter.' The stock has surged over 60% in 2024, its best performance this century, though recent pullbacks reflect concerns about AI infrastructure spending and macroeconomic conditions.
Wall Street anticipates EPS of $1.64 on $15.58 billion in revenue, driven by robust demand for Oracle's cloud services, particularly generative AI workloads. Lenschow maintains a Buy rating, citing strong momentum in cloud infrastructure and AI-driven growth.
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