Oracle Sees 20% Earnings Growth
Benjamin Pimentel, reporting for MarketWatch:
Catz, who is also Oracle’s chief financial officer, said the company still believes a 20% earnings per share growth is achievable, even as the company expands. “We are hiring aggressively,” she said. Oracle saw a 14% growth in adjusted earnings per share in its last quarter.
I’ve always thought Oracle’s broad position in the market is its biggest asset — its position is not only wide, but also very deep. It’s the metaphorical one-stop shop perfectly built for enterprise needs. It seems Laura Lederman (of William Blair & Company) agrees:
William Blair analyst Laura Lederman said in a note, “We believe that Oracle’s broad technology footprint is its greatest competitive advantage. The company’s multitude of acquisitions has made it more strategic to IT buyers — many customers are taking an Oracle-first approach.”
I feel Oracle wants to be to the enterprise market what Apple is to consumers. A smart company with tightly integrated, highly-performant products and cutting-edge software mated to custom hardware. Enterprise or consumer markets, it’s all about end user experience. Oracle can deliver that in the enterprise space.
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MIPRO Consulting main website.
