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Oracle Shares Leap as AI Cloud Bookings Swell and OCI Outlook Soars

Investors prioritized a record backlog plus a bold multi‑year OCI outlook despite a narrow quarterly miss.

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Ellison at a news conference in the White House earlier this year.

Overview

  • Oracle said remaining performance obligations jumped 359% to $455 billion and signaled the total will top $500 billion with additional multibillion‑dollar deals expected soon.
  • Management projected Oracle Cloud Infrastructure revenue will rise 77% to $18 billion this fiscal year and could reach $144 billion by fiscal 2030.
  • The company signed four multibillion‑dollar contracts with three customers, while OpenAI confirmed an agreement to develop 4.5 gigawatts of U.S. data‑center capacity tied to Oracle.
  • Cloud infrastructure revenue rose 55% year over year to $3.3 billion, and Oracle reported MultiCloud database revenue with Amazon, Google and Microsoft grew 1,529% as it plans 37 additional data centers for those partners.
  • Shares jumped 21%–32% in extended and premarket trading as analysts praised the outlook, with Oracle guiding second‑quarter revenue growth of 12%–14% and cloud growth of 32%–36% after a slight EPS and sales miss.