J.P. Morgan Notes From ORCL Meeting

J.P. Morgan recently hosted investor meetings with Oracle Corp. ORCL President Mark Hurd and VP, IR Ken Bond. “While there was nothing discussed beyond what the company has previously disclosed,” J.P. Morgan writes, “we believe the topics herein should be of interest to investors:” “The database business remains solid, with organic growth for the core database supplemented with even greater options growth, which has been the case for some time,” J.P. Morgan continues. “We also believe that ORCL's Vertical Apps strategy helps to pull along horizontal apps, and both pull along technology sales. “We continue to believe that Exadata will bolster the top line, while resulting leverage and other margin improvement opportunities described herein will provide even greater bottom line growth.” Oracle closed Tuesday at $33.92.