Oracle Has a Massive Revenue Backlog: Why is the Stock Plunging?
Oracle stock has plunged sharply this year despite Larry Ellison's company having one of the biggest backlogs in tech
Why It Matters
Oracle has tons of work lined up to do (a big backlog), which is usually a good sign. But the stock price dropped anyway, which suggests investors might be worried about something else, like whether Oracle can actually finish all that work on time.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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