Barclays views Oracle CFO hire as ‘small positive’

Barclays analyst Raimo Lenschow says Oracle (ORCL) naming Hilary Maxson as its CFO is a “small positive.” The hire is “prudent” as Maxson’s industrials background complements Oracle’s growing cloud business that is more capital-intensive and complex, the analyst tells investors in a research note. Barclays views the news as a “small positive to the long-term story,” noting Oracle’s business requirements are changing given the spending needed for its accelerating AI infrastructure business. The firm keeps an Overweight rating on Oracle with a $240 price target The stock in morning trading is down 2% to $144.13.