Oracle stock rocketed to an all-time high on Friday following impressive November quarter earnings that showed signs of progress in the company’s transition into a cloud-based software provider.
In a February cover story, Barron’s outlined Oracle’s nascent business shift. The story made the case that the company was finding some early (and unappreciated) success pushing customers to adopt cloud-based versions of both its flagship database software and business applications such as enterprise resource planning and human capital…