Xerox (XRX) and Oracle (ORCL) just reached a major agreement…
According to the Wall Street Journal, Xerox signed a multiyear deal with Oracle. And while the terms of the agreement were not provided, the company intends to use Oracle’s cloud-computing infrastructure to build out new business ventures.
These business ventures will include 3-D printing services, sustainable technology, and investments in the Internet-of-Things. Xerox’s Chief Technology Officer Naresh Shanker added that the company is also looking to bolster its own digital offerings – including e-commerce platforms and data analytics.
But even though this will benefit Xerox’s operations moving forward, it should be an even bigger boon for Oracle. Here's why…
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That’s because Oracle has spent the past several years building out its cloud operations and Software-as-a-Service (SaaS) business model.
This has enabled Oracle to report rapid growth thanks to consistent revenue from customers such as Zoom Video Communications (ZM) – as well as its investments in Fusion ERP and NetSuite ERP.
In fact, in the company’s most recent second quarter, Oracle said its earnings per share were $1.21 compared with the projected $1.11. Meanwhile, revenue was $10.36 billion, beating the consensus of $10.2 billion.
And with yet another major corporate customer, these numbers could improve even further – validating Oracle’s long-term push into the cloud and SaaS markets.
Where to invest $1,000 today…
Wired magazine is saying this small company “could be the [next] Intel”…
And it’s easy to see why.
They’re both microchip companies.
They’re both from Silicon Valley.
And in a few years’ time, they could BOTH be in the stock market Hall of Fame…
The only difference is this new company is at the start of its journey… with most of its profit potential still to be realized…
Only 2% of cars sold in the U.S. today are electric vehicles…
But that’s about to change — FAST.
Its light, inexpensive, powerful and quick-charging “Forever Battery” could be the tipping point that finally makes EVs affordable for everyday Americans.
In fact, a Wall Street legend predicts it will cause a 1,500% surge in EV sales over the next 4 years.
An early-stage investment in this startup could deliver life-changing profits.
What is this secretive battery tech company?