Oracle (ORCL) Reports $664B Backlog and 121% Cloud Revenue Growth
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowOracle (ORCL) reported a $664 billion revenue backlog, an increase of $209 billion year over year. Cloud infrastructure revenue surged 121% to $7.39 billion. Total revenue reached $19.34 billion, a 29.61% rise year over year, and non-GAAP EPS was $1.92 compared to a $1.7391 consensus. Management raised their full-year FY2027 revenue guidance to at least $90 billion, with non-GAAP EPS set at $8.10. This information is important for investors as it reflects Oracle's growth potential in the cloud sector amidst challenges in stock performance.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Oracle Corporation (ORCL)
Oracle is an enterprise-software veteran best known for its databases, now expanding aggressively in cloud infrastructure and applications.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier ORCL news
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- Oracle (ORCL) Earnings Report Addresses Bear Cases
- Premarket Stock Moves: GameStop, Oracle, Adobe Insights
- Oracle (ORCL) Reports 30% Revenue Growth, Shares Jump 6%
- U.S. CPI Release Impacts Oracle (ORCL), Adobe (ADBE) Market Dynamics
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