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StockNews.com
StockNews.com
Business
Anushka Mukherjee

Anticipating ORCL Earnings: Is Oracle a Buy?

Boasting a strong market cap of $312.77 billion, software giant Oracle Corporation (ORCL) is expected to disclose its fiscal third-quarter earnings (ended February 2024) soon. Wall Street is buzzing with high expectations, forecasting a 7.3% year-over-year revenue climb to $13.30 billion, alongside a 12.9% year-over-year EPS surge to $1.38.

With the rise of generative AI platforms like ChatGPT and Bard, tech giants are in a fierce race to adopt this transformative technology. Amid this, ORCL made its mark last year by partnering with industry giants like NVIDIA and Elon Musk's xAI.

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