《AI Data Center Spending Means Good Times For Semiconductors Continue -- Oracle ORCL Stock Analysis》
Oracle 的财务状况因高杠杆和负自由现金流而显得混乱，但随着资本开支见顶、现金流增长，基本面正在改善；其可持续性取决于与 OpenAI 的关系。
这张简单的幻灯片展示了Oracle本季度的整体营收和营收增长率。是的，营收基本上是环比持平，为193亿美元，而3个月前为192亿美元。
simple slide just showing Oracle's overall revenue and revenue growth rate this quarter. Yes, it was basically sequentially flat revenue at 19.3 billion compared to 19.2 billion 3 months ago.
但请注意，Oracle作为一家传统软件厂商，历史上从第四财季到第一财季、即从5月到8月存在的季节性已经被抹去了。不再有环比下滑。他们实现了环比上升。营收同比增长30%。
But notice the seasonality that is historically there for Oracle as a legacy software vendor from Q4 to its Q1 fiscal year from May to August uh has been erased. No more sequential downturn. They had a sequential uptick. 30% year-over-year revenue growth.