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Are Oracle’s Investors Happy with Its Share Buybacks?

Are Oracle’s Investors Happy with Its Share Buybacks?

Cloud services company Oracle (ORCL) recently announced a $12 billion increase to its share repurchase program, which shows that the company is banking on growing its cash flows and expects its earnings growth to continue. Share buybacks also boosted the company’s earnings in its first quarter of fiscal 2019, which ended on August 31, 2018.