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4d ago

Oracle Shares Soar on AI Cloud Outlook as Backlog Hits $455 Billion

Investors refocused on multiyear OCI growth to $18 billion this year, projecting a path to $144 billion that overshadowed a narrow Q1 miss.

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Overview

  • Oracle posted adjusted EPS of $1.47 on revenue of $14.93 billion, slightly below estimates, with total revenue up 12% year over year.
  • Remaining performance obligations jumped 359% to $455 billion, and management said the backlog is likely to exceed $500 billion after signing four multibillion-dollar deals with three customers.
  • Oracle now guides Oracle Cloud Infrastructure revenue to grow 77% to $18 billion this fiscal year and outlined longer-range targets of $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four years.
  • OpenAI said it agreed with Oracle to develop 4.5 gigawatts of U.S. data center capacity, while OCI infrastructure revenue reached $3.3 billion (up roughly 54–55%) and total cloud revenue rose to $7.2 billion (up about 27%).
  • Shares jumped roughly 21% to 28% in after-hours trading, as Oracle highlighted booming multi‑cloud database revenue with Amazon, Google and Microsoft (up 1,529%) and analysts flagged execution, capex and margin considerations during the scale-up.