Oracle reported a record-breaking $49.95 billion in annual revenue thanks to success in cloud computing.
It has convinced its biggest critic, Goldman Sachs, to change its mind about its potential.
And on Tuesday, Oracle's biggest critic, Goldman Sachs analyst Kash Rangan, admitted he was wrong.
He did gracefully swallow his pride enough to admit that since he first imposed the sell rating, the stock has climbed 46%.
And he's also got his eye on Oracle's cash situation, given how expensive it is to build and maintain data centers.
Persons:
Goldman Sachs, there's, Oracle's, Kash Rangan, Rangan, he's, What's, Safra Catz, it's, Morgan, Keith Weiss, luke, Weiss
Organizations:
Oracle, Morning, Yahoo Finance, Microsoft