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Morgan Stanley: Shallower Cloud Transition May Leave Oracle As Legacy IT Vendor In New Cloud World
2016-03-26 03:22:40| IT Services - Topix.net
Morgan Stanley said that while a shallower transition to cloud computing is likely to allow Oracle Corporation to return to growth in both EPS and revenue for fiscal 2017, the strategy may leave Oracle as mainly a legacy IT vendor in the new cloud-computing universe. Analyst Keith Weiss, who has an Equal-weight rating and $41 price target on Oracle, noted that declining Software as a Service /Platform as a Service billings and lower cloud-related capex suggest Oracle's cloud transition may be slowing.
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Category:Information Technology