The epiphany of OLD TECH 
ORCL announced quarterly revenue of $11.1 billion today, yielding earnings of $1.16 per share. Analysts were expecting the company to report revenue of $10.95 billion and earnings of $1.07 per share.During a very upbeat earnings call, CEO Safra Catz said she expects fiscal 2020 revenue to grow “faster” than in the previous year and projected “double-digit” earnings-per-share growth.
"Our high-margin Fusion and NetSuite cloud applications businesses are growing rapidly, while we downsize our low-margin legacy hardware business. The net result of this shift away from commodity hardware to cloud applications was a Q4 non-GAAP operating margin of 47%, the highest we've seen in five years," said CEO Safra Catz.
Technically the stock is setting up for a major breakout from a 2 year channel, afterhours the stock has moved above all MA'S and Ichimoku cloud is now support.
ORCL announced quarterly revenue of $11.1 billion today, yielding earnings of $1.16 per share. Analysts were expecting the company to report revenue of $10.95 billion and earnings of $1.07 per share.During a very upbeat earnings call, CEO Safra Catz said she expects fiscal 2020 revenue to grow “faster” than in the previous year and projected “double-digit” earnings-per-share growth. "Our high-margin Fusion and NetSuite cloud applications businesses are growing rapidly, while we downsize our low-margin legacy hardware business. The net result of this shift away from commodity hardware to cloud applications was a Q4 non-GAAP operating margin of 47%, the highest we've seen in five years," said CEO Safra Catz.
Technically the stock is setting up for a major breakout from a 2 year channel, afterhours the stock has moved above all MA'S and Ichimoku cloud is now support.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.