Oracle 36.07% have shot at Wall Street after publishing their quarterly results. Although analysts do not value the accounts presented, but the strong rise shown by the Contract portfolio. This is the case of experts from Piper Sandlerwhich have raised their objective price to 330 dollars From the previous $ 270 per title, and have reiterated their advice of ‘Overpone’ The value. For their part, analysts of Bankinter They emphasize that «the highlight is the jump in the contract portfolio, which uploads a 359% Thanks to the orders of large clients such as Amazon, Alphabet, Microsoft and Openai«.» Facing the next quarter, the management team announced that they hope income growth between 12% and 14% (compared to +7.9% expected by consensus); and benefit per share (BPA) in the range of 1.61 to $ 1.65 (compared to $ 1.62 expected per consensus). Thus, the guides are better than expected«. In his opinion,» Oracle’s messages for the growth of his Infrastructure business of artificial intelligence data centers (AI) were very positiveand this makes the actions bounce hard. «And they add that» Oracle’s figures are not only positive for the company, but also for The entire AI sectorsince it endorses the strong development of this business that is expected for the coming years. «And the request for orders has risen until 455,000 million dollars from the previous 138,000 million dollarsreflecting the intense demand for Cloud AI servers rentala business that the firm, chaired by Larry Ellison, has recently joined the database market. “The unprecedented acceleration of the growth of the portfolio in the first quarter shows that We are still in the early stages of a multiannual investment cycle in AI”, Have commented on the experts of William Blair. “While the actions are not cheap, the impressive growth of the portfolio points to a significant acceleration of income growth and Oracle’s profits during next years”, These analysts have added. Oracle has started a strategic transformation that goes far beyond the sales figures collected in your latest report. The company, which for years was consolidated as Software supplieris replicating the model of Microsoftby progressively migrating to its customers towards cloud -based solutions under annual subscription. At the same time, it promotes its own public cloud to compete directly with Amazon Web Services (AWS) and Azure. The engine of this change has been the Artificial intelligence boomwho has triggered the need for Cloud computing infrastructures. This phenomenon has benefited Oracle, whose public cloud services growing 55% Interranual in the first quarter, reflecting the strong rental demand of specialized servers in AI. «We signed Four billionaire contracts With three different customers in the first quarter, «said Safra Catz, CEO of Oracle, after presenting results.» And in the coming months, we hope to sign Several additional billionaire contracts And it is likely that the order portfolio will exceed half a billion dollars, «he added.
