Oracle Revenue Climbed

Good Morning!

Yesterday, the stock market experienced a mostly downward trend as investors expressed concerns over the increasing oil prices.

This caution was further amplified as they eagerly awaited today's release of crucial inflation data for August. Oracle, unfortunately, ended up being the worst performer in the S&P 500.

Their stock plummeted by over 13% after an earnings report that fell short of revenue expectations and left investors unimpressed with their guidance. This disappointing outcome is particularly surprising given the high hopes for Oracle's involvement in the AI industry.

US STOCKS-Futures slip as higher oil prices adds to jitters ahead of inflation data (3 minute read)

Investors are approaching the U.S. stock index futures cautiously on Wednesday, as they await a crucial inflation report.

This report will not only shed light on the future of inflation but also take into account the recent surge in oil prices and its potential impact on interest rates.

Considering these factors, it's understandable why investors are refraining from making significant bets at this time.

Oracle (ORCL) fell slightly short of our revenue expectations for the fiscal 2024 first quarter. (5 minute read)

However, it is important to note that they have provided conservative top-line guidance for the next quarter. With their track record of success and strong market presence, we believe Oracle will swiftly make necessary adjustments to meet and exceed future targets.

Oracle's constant currency revenue soared by an impressive 9% compared to the previous year, totaling a significant $12.45 billion. The company acknowledged that meeting the growing demand for its data centers has been affected by supply issues.

However, this strong financial growth reflects Oracle's resilience and ability to overcome challenges while maintaining a solid market position. Despite the challenges, the cloud infrastructure business experienced an impressive growth of 64% in constant currency, reaching a remarkable $1.5 billion in revenue.

Moreover, the non-GAAP EPS came in at $1.19, demonstrating a significant 14% improvement compared to the same quarter last year when adjusted for currency fluctuations.

These numbers highlight the success and resilience of our business, showcasing our ability to adapt and thrive in a rapidly changing market environment.

Apple Unveils iPhone 15 Smartphones But Investors Are Unimpressed (3 minute read)

Yesterday, Apple made an exciting announcement, unveiling its latest innovation: the highly anticipated iPhone 15 series.

With a focus on delivering the best user experience, the Pro models stole the spotlight by offering groundbreaking new features.

While this news created a buzz among tech enthusiasts, it's important to note that stock prices for Apple experienced a temporary decline.

However, as history has shown us with previous product launches, this dip is often short-lived and can present an excellent buying opportunity for investors looking to capitalize on Apple's continued success in the consumer electronics market.

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