Oracle soars more than 30%

Source: Dukascopy Bank SA
Oracle announced blockbuster first-quarter results, highlighted by an astonishing 359% surge in its future contracted revenue backlog, known as Remaining Performance Obligations (RPO), to $455 billion. This massive increase, fueled by major cloud and AI deals, signals a dramatic acceleration in the company's future growth and overshadowed solid gains in current revenue and earnings. For the quarter, Oracle's total revenue grew 12% to $14.9 billion, with the high-growth Cloud Infrastructure (IaaS) segment soaring 55% to $3.3 billion. This resulted in a non-GAAP earnings per share of $1.47, an increase of 6% year-over-year, while GAAP earnings per share was $1.01, down 2%.



CEO Safra Catz attributed the record RPO to four multi-billion-dollar contracts signed in the quarter and issued a strong forecast for continued cloud growth, expecting IaaS revenue to grow 77% this fiscal year. Chairman and CTO Larry Ellison directly linked the success to the AI boom, announcing a new "Oracle AI Database" service. Ellison also highlighted the "incredible" 1,529% growth in MultiCloud revenue from partners like Amazon, Google, and Microsoft, underscoring the company's successful AI and cloud strategy.

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