All investors want to hear that the stocks they own are going to do well. Oracle (ORCL) sent a strong signal that Wall St. can count on big things.
"Twenty percent? That’s for pikers. We’ve been growing 26 percent," Safra Catz, Orcacle’s CFO, said at a meeting of Wall Street analysts on the sidelines of OracleWorld, the company’s annual user conference in San Francisco. Reuters writes that the company is using 20% as a base case and assuming that it can do ever better.
Oracle management also indicated that its rapid pace of acquisitions was not likely to slow.
Douglas A. McIntyre
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