The Labor Department reported a 6% increase in the producer-price index (PPI) Yesterday. Although stubborn inflation has returned to haunt the markets in anticipation of a prolonged hawkish stance by the Federal Reserve, investors have still struggled to keep their hands off Oracle Corporation (ORCL) because of its promising growth prospects.
ORCL offers services and products tailored to the needs of enterprise IT environments worldwide. The company directly offers its license, cloud, hardware, services, and support to businesses in various industries, educational institutions, and government agencies.
