/San%20Francisco%20Tech%20Golden%20Gate%20Bridge.jpg)
Oracle Corp (ORCL) reported strong results yesterday for its fiscal Q3 ending February. Its free cash flow (FCF) was up 68% on a trailing 12-month basis. As a result, ORCL stock is spiking today, up over 12% to $128 per share. However, based on its strong FCF the stock could still be as much as 26% undervalued.
The company reported that its cloud-based revenue was up 25% and total revenue was up 7% on a YoY basis. Moreover, the company signed several large contracts which more or less guarantees that revenue will continue to stay strong.