Investors suddenly can't get enough of this five-decade-old software company

  • 📰 TechCentral
  • ⏱ Reading Time:
  • 39 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 71%

Software Company ข่าว

Oracle

Oracle is winning over investors as it sees a resurgence in sales growth driven by artificial intelligence-fuelled demand.

Oracle’s Larry Ellison has seen his personal fortune soar this year on the back of the strong performance in the company’s share price. At the time of writing on 18 September 2024, he’d added $55-billion to his wealth since 1 January, taking his total net wealth to an estimated $178-billion, according to Bloomberg’s Billionaires Indexover investors and analysts as it sees a resurgence in sales growth driven by artificial intelligence-fuelled demand., are up almost 60% this year.

Growth is inflecting higher, at a pace much faster than we’ve been used to at Oracle, and that’s a huge positive “Growth is inflecting higher, at a pace much faster than we’ve been used to at Oracle, and that’s a huge positive,” said Dan Eye, chief investment officer at Fort Pitt Capital Group. “At the same time, it’s been something of an under-the-radar name, and while the valuation has recently risen, it is still cheaper than other tech names.”

Oracle’s stock rally this year — adding more than US$170-billion in market value — has boosted its valuation to 26x forward earnings, up from about 18x at the beginning of the year. That’s still cheaper than some larger peers such as Microsoft and Amazon, and it isn’t deterring analysts and investors.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 8. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว