Oracle (ORCL) and Adobe (ADBE) will report their quarterly earnings on Thursday, September 10. Oracle’s fiscal Q1 projections estimate revenues of approximately $19.13 billion, with an adjusted EPS of $1.74, reflecting a year-over-year growth of over 17%. In contrast, Adobe is expected to report a fiscal Q3 EPS of approximately $6.08 and revenues of around $6.69 billion, indicating nearly 12% growth.
Both companies are pivotal for investors aiming to capitalize on the AI boom; Oracle is experiencing rapid growth in its AI-related cloud infrastructure, while Adobe is integrating generative AI into its creative platforms and saw its AI-driven annual recurring revenue triple to over $500 million. As of now, Oracle’s stock trades at a premium with a forward PE of around 25, while Adobe trades at approximately 13.
Oracle’s cloud revenue rose 47% in the last quarter to $9.9 billion and is expected to increase by 58%-64% in upcoming forecasts, demonstrating a significant demand for its offerings.
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