Oracle checks show elevated deal slippage in Q3, says Deutsche Bank

Deutsche Bank analyst Brad Zelnick’s fiscal Q3 channel checks suggest Oracle’s underlying customer interest remains very healthy if not improving, particularly for cloud. However, the quantity of deals slipping out of quarter was elevated as customers navigate macro cross currents, the analyst tells investors in a research note. However, on balance, customers seem to be making longer, more durable commitments to Oracle, contends the firm. It keeps a Buy rating on the shares with a $120 price target.