Oracle’s AI Cloud Push Sparks Backlog Surge After Strong Q1
TL;DR Summary
Oracle beat Q1 estimates with revenue of $19.35B and adjusted EPS of $1.92, raising fiscal 2027 targets to at least $90B in revenue and $8.10 per share, as AI cloud bookings helped lift backlog to $664B. The company expanded its cloud footprint to 70 regions and said roughly half of new RPOs should convert to revenue in the next 36 months. An analyst argued Oracle’s AI infrastructure demand growth is outpacing AWS and Azure, while the company funded capacity via a $20B ATM offering despite negative free cash flow. Shares rose after the results.
- ORCL Stock Jumps After Strong Q1 Report: Analyst Says Oracle Cloud Demand Is Growing Faster Than AWS, Azure Yahoo Finance
- Oracle stock surges as AI cloud demand outpaces supply Yahoo Finance
- Oracle jumps 6% after reporting 30% revenue growth fueled by AI cloud demand cnbc.com
- Oracle Announces Q1 Results Driven by Triple Digit Growth in Cloud Infrastructure Revenues Oracle - Investor Relations
- Oracle Posts Cloud Sales That Top Estimates on AI Demand Bloomberg.com
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