Oracle: TikTok Savior With Security Cloud Tailwinds [Seeking Alpha]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Seeking Alpha
Justin SullivanOracle (NYSE:ORCLnext major cloud provider, with a solid niche in the data residency space. So far, the company has built out 41 public cloud regions, with 8 under construction, as it invested $2.6 billion in CapEx to aggressively expand in Q3,FY23. I believe this is a solid strategy given the hybrid cloud industry isforecastto grow at a 21% compounded annual growth rate [CAGR] up until 2028. In February 2023, Oracle announced a major deal with Uber (UBER) for its cloudinfrastructure, which is a testament to itsdifferentiation from the major hyperscalers. In this post, I'm going to break down the financials of Oracle and its cloud tailwinds, before revealing my valuation for the company; let's dive in.Data byYChartsSolid FinancialsOracle reported solid financialresultsCore Cloud Growth and TikTok BanThe top line was driven by exceptional cloud revenue of $4.1 billion, up 48% year over year on a constant currency basis. If we exclude Cerner (which I will discuss later),
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News
- Palantir (PLTR) Stock Trades Up, Here Is Why [Yahoo! Finance]Yahoo! Finance
- Microsoft, Meta, AMD, Palantir, and Other Tech Stocks in Focus Today [Yahoo! Finance]Yahoo! Finance
- 1 No-Brainer Vanguard Fund to Buy Right Now [Yahoo! Finance]Yahoo! Finance
- Inside Palantir's AI Sales Secret Weapon: Software Boot Camp [Yahoo! Finance]Yahoo! Finance
- Inside Palantir's AI Sales Secret Weapon: Software Boot Camp [BNN Bloomberg (Canada)]BNN Bloomberg
PLTR
Earnings
- 2/5/24 - Beat
PLTR
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/2/24 - Form 4
- PLTR's page on the SEC website