Oracle (ORCL, Financial) was a standout in the Carillon Eagle Growth & Income Fund 2024 Q2 letter, achieving all-time high stock prices driven by better than expected cloud infrastructure revenue. The company has signed numerous new customers, including leaders in generative AI, which positions Oracle for accelerated growth in the cloud sector.
"Oracle stock rose to all-time highs after the company announced better than expected cloud infrastructure revenue. Oracle signed dozens of new customers, including two leaders in generative artificial intelligence. The backlog remains, and strong growth appears poised to accelerate." — Carillon Eagle Growth & Income Fund, Q2 2024 Fund Letter
Read full letter at gurufocus Carillon Eagle Growth & Income Fund 2024 Q2 page.