Oracle Corp. recently revealed a revenue increase to $17.2 billion, despite canceling up to $1.4 billion in orders. While the company’s shares have rebounded about 10% recently, it remains down over 6% year to date. Strong demand for its AI-integrated cloud services is evident, with cloud revenue reaching $8.9 billion, and AI infrastructure revenue skyrocketing by 243%. With a staggering contract backlog of $553 billion—surpassing its market capitalization—Oracle nudged its revenue forecast for fiscal 2027 to $90 billion amidst a challenging tech landscape.
“Oracle Corp. · may have cancelled · as much as $1.4 billion in orders · true”
“Oracle · climbed · percentage · 6%”
“the combined backlogs of Google, Oracle, Microsoft, and AWS · have surged to · amount · more than $2T”
“Oracle · has · total revenue · $17.2 billion”
“Oracle · has · cloud revenue · $8.9 billion”
“Oracle · has · infrastructure-as-a-service revenue growth · 84% year over year”
“Oracle · has · contract backlog · $553 billion”
“Oracle · has · market capitalization · about $525 billion”
“Oracle · has · AI infrastructure revenue growth · 243%”
“Oracle · has · gross margin · 32%”
“Oracle · has · non-GAAP earnings per share · $1.79”
“Oracle · nudged its fiscal 2027 revenue forecast to · $90 billion · from $89 billion”
