Oracle's hefty infrastructure costs and rising debt load have weighed on the stock in the past few months.
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Oracle
is scheduled to report fiscal second-quarter results after market close on Wednesday.
Here’s what analysts are expecting, according to LSEG:
Wall Street expects revenue to increase 15% in the quarter that ended Nov. 30, from $14.1 billion a year earlier. Analysts polled by StreetAccount are looking for $7.92 billion in cloud revenue and $6.06 billion from software.
Oracle reported better-than-expected results for the latest quarter on Wednesday.
Analysts seem optimistic on Oracle, with several raising their price targets heading into its earnings report.
Oracle's fiscal second-quarter results will be a crucial test for the AI trade and whether demand justifies the company's…
Oracle boosted its revenue backlog total by $30 billion during the February quarter.
The cloud computing giant's revenue miss renews questions about its financial health
Oracle's outlook was better than expected, leading many analysts to lift their price targets on the stock.
Oracle drops on disappointing cloud sales, more AI spending | Fortune
