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Can Oracle Sustain Operating Margin Growth?

Can Oracle Sustain Operating Margin Growth?

Oracle (ORCL) reported a non-GAAP operating margin of 41% in the first quarter of fiscal 2019, which was flat YoY (year-over-year). Despite its declining revenue growth, Oracle was successful in maintaining its operating margin above 40% in the last five quarters. In the graph below, you can see its non-GAAP operating margin trends in the last five quarters.