Thoughts Ahead of Oracle’s Upcoming Q2 Report
<p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ORCL'>Oracle Corporation (NYSE:ORCL)</a> ahead of the upcoming Q2 results, taking a somewhat more measured near-term view as they weigh the evidence of continued strong customer interest, particularly for Cloud, against their field work that suggests sales cycle lengthening and increased pushed deals given the current environment. </p>
<p>For Q2, the analysts see the greatest risk to the company's transactional License business, while they remain more optimistic on the Cloud given management’s confidence in the ramp of several large OCI deals and ongoing momentum in back-office SaaS. Against this backdrop, the analysts believe Q2 guidance for 21-23% year-over-year revenue growth is still achievable but they are a bit cautious on the forward model which may need adjustment for broader-based macro pressures. </p>
NYSE:ORCL