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Could Oracle Stock Help You Become a Millionaire?

Could Oracle Stock Help You Become a Millionaire?

From fiscal 1993 to fiscal 2023 (which ended this May), the database software giant's annual revenue grew at a compound annual growth rate (CAGR) of 12% from $1.5 billion to $50 billion, while its net income increased at a CAGR of 16% from $98 million to $8.5 billion. Three strategies drove Oracle's steady growth. First, it maintained its early mover's advantage and dominance of the database software market.