Oracle's Q3 Beat Signals Early AI Monetization Amid Strong Cloud Demand
TL;DR Summary
Oracle beats Q3 estimates with $1.79 EPS on $17.19B revenue (+22% YoY); AI and cloud demand remain robust, and backlog rose to $553B, signaling early monetization of AI infrastructure. Wedbush calls the results a huge relief and notes AI monetization is starting, while Jefferies hails a clean beat across the board. Cloud growth was 41% year over year in constant currency, operating margin 42.9%; consensus rating remains Strong Buy with a substantial upside potential.
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