Oracle of Omaha Abandons Oracle’s Stock After Just 1 Quarter [The Motley Fool]
Berkshire Hathaway Inc. New (BRK.B)
Last berkshire hathaway inc. new earnings: 11/2 07:00 am
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Source: The Motley Fool
Oracle of Omaha Abandons Oracle’s Stock After Just 1 Quarter Warren Buffett's Berkshire Hathaway ( NYSE:BRK-A NYSE:BRK-B Oracle NYSE:ORCL However, a recent SEC filing revealed that Berkshire sold its entire position in Oracle after a single quarter. That was a surprising move for Buffett, a champion of long-term investing who famously claimed that his favorite holding period was "forever". So why did the Oracle of Omaha abruptly dump Oracle? Image source: Getty Images. Understanding Oracle's business Oracle, like many other mature enterprise software companies, is struggling to grow its sales in a saturated market. Analysts expect its revenue to fall % this fiscal year (which ends on May ), compared to % growth last year. Oracle is pivoting away from its slow-growth, on-premises businesses, like database hardware and software, toward higher-growth cloud services. Oracle previously disclosed its cloud-based SaaS (software as a service), IaaS (infrastructure as a service), and PaaS (pla
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BRK.B
Earnings
- 2/26/24 - Beat
BRK.B
Sec Filings
- 4/22/24 - Form 424B5
- 4/18/24 - Form FWP
- 4/10/24 - Form PX14A6G
- BRK.B's page on the SEC website