Oracle momentum: cloud +44%
Oracle jumped about 6% after reporting cloud revenue up ~44% year‑over‑year and AI bookings that management said were four times higher, a clear signal the company’s cloud/AI push is driving near‑term upside .
Total quarterly revenue came in at $17.2 billion, and Oracle’s cloud infrastructure (OCI) brought in $4.9 billion for the quarter. (oracle.com) Remaining Performance Obligations — Oracle’s booked backlog — reached $553 billion, a 325% year‑over‑year increase that the company said was driven largely by large‑scale AI contracts. (oracle.com) Oracle raised its fiscal‑2027 revenue target to $90 billion while keeping fiscal‑2026 revenue guidance at $67 billion and planning $50 billion of capital expenditures to build out AI capacity. (oracle.com) Management told investors most of the AI‑contract growth is structured so Oracle won’t need incremental funding for equipment because customers either prepay so Oracle can buy GPUs or supply the GPUs themselves. (oracle.com) The stock reaction was strong: major outlets reported shares running into low‑double‑digit gains in early trading and after‑hours following the report, with CNBC noting a roughly 10% move. (cnbc.com) Oracle also highlighted a 531% jump in multicloud database revenue and $4.0 billion in cloud application (SaaS) revenue in the quarter, underscoring database and application demand tied to AI workloads. (oracle.com)
