Oracle (ORCL) Earnings Beat Expectations as Cloud Revenue Surges, Deutsche Bank Reaffirms Buy

Oracle Corporation (NYSE:ORCL) ranks among the best FAANG+ stocks to invest in right now. On March 11, Deutsche Bank reinforced its Buy rating and $300 price target for Oracle Corporation (NYSE:ORCL) following the company’s earnings release, which reported revenue of $17.2 billion, exceeding analysts’ expectations of $16.9 billion.

Pixabay/Public Domain

The company’s Infrastructure-as-a-Service revenue increased by 84% year-over-year to $4.9 billion, exceeding the street’s projection of $4.7 billion. Moreover, Oracle’s cloud revenue increased by 41% year-over-year to $8.9 billion, while AI infrastructure revenue increased by 243%.

Deutsche Bank remarked that the quarter indicated continuous execution, which will sustain OCI acceleration into fiscal year 2027. It also identified specific non-AI options for additional backlog contributions, particularly non-capital-intensive AI. The firm added that it believes multicloud availability will be a significant enabler for Oracle’s future workload transfer.

Oracle Corporation (NYSE:ORCL) offers an extensive suite of database and cloud computing software and hardware. The Company offers databases and relational servers, application development and decision-support tools, and enterprise business applications.

While we acknowledge the risk and potential of ORCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ORCL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. Follow Insider Monkey on Google News.