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 Oracle to benefit from Saudi Deal?

Serious Info OracleOracle is expected to benefit from recent deals achieved on the Saudi Arabia deals during President Trumps visit, noting...

...top 5% customer, General Electric (NYSE: GE) and top 25% customer, Honeywell (NYSE: HON) signed major deals over the weekend.

  • Saudi Aramco Signed $50 Billion worth of U.S deals in diversification push, which includes $7 Billion deal with GE, which includes digital transformation of Aramco's operations
  • Saudi deals totaled $200 billion, spreading over 13 years, and is a part of Saudi-Vision 2030, which is aimed at diversifying the Kingdom reliance on Oil-economy
  • We estimate that about 20% of $200 billion in deals will be Hi-tech; i.e. about $40 billion will be spent on hi-tech
  • About 30% of this Hi-Tech spend will be Software/Cloud Services spend, i.e. about $12 Billion
  • ORCL will get 30% to 40% of this spend, i.e. ORCL will get about $3 Billion to $4 Billion over the next 13 years from these announced deals
Author: Trip Chowdhry
Source: https://www.streetinsider.com/Analyst+Comments/Oracle+%28ORCL%29+To+Benefit+from+General+Electric+%28GE%29+%26+Honeywell+%28HON%29+Deals+with+Saudi+Goverment+-Global+Equities+Research/12930696.html

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