00:00 Jared
Expectations are riding high, so just thinking about these earnings announcement. Last week we had a disappointment from Salesforce, what are the odds of something like that panning out?
00:12 Speaker B
Yeah, if you look at the software space, Jared, it’s been really tough, right? You look at Snowflake, you look at Salesforce. A lot of these companies have not really been performing as well as you would like. Microsoft has been performing, but I think I think Oracle’s in a little bit of a different area just because they are making this huge migration over into the database area.
00:33 Speaker B
If you think of Salesforce, they’re really more software as a service, right? That’s their niche. And I believe that Oracle is more focused on infrastructure as a service. So, I think that that gives them a little bit of a leg up and, you know, we’re looking for a great print out of them. Their backlog on the last quarter was 138 billion. It’s expected to be 149 billion on this upcoming first quarter.
00:55 Speaker B
Um, so we’re looking for big things out of Oracle and, you know, Jared, sounds like you’ve been in this for a while, like me. Um, I wrote a piece that talked about how I thought on that fourth quarter print that it might have been a watershed moment uh for Oracle, kind of like Microsoft, you know, seven or eight years ago when they finally broke out of enterprise and got into cloud. So, we’ll see if that comes to fruition.
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