Many investors might think of Oracle (NYSE: ORCL), the world's largest database software provider, as a blue chip tech stock that is owned for stability instead of growth. That notion seems valid because its core market is heavily commoditized.

However, Oracle actually evolved into a cloud software company over the past few years as it transformed its on-premise software into cloud-based services. It also expanded its ecosystem with new enterprise resource planning (ERP) services.

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Source Fool.com