Oracle’s latest earnings show that AI infrastructure demand remains strong.
Cloud Infrastructure revenue doubled to $7.4B, while remaining performance obligations climbed to a record $664B. Oracle also secured over $30B in new AI cloud contracts during the quarter.
The weaker side was free cash flow, which came in at negative $5.4B.
Now, the bigger question is how quickly $ORCL can turn that huge backlog into revenue and better cash flow.
#ORCL #AI #CloudComputing #Tech
Cloud Infrastructure revenue doubled to $7.4B, while remaining performance obligations climbed to a record $664B. Oracle also secured over $30B in new AI cloud contracts during the quarter.
The weaker side was free cash flow, which came in at negative $5.4B.
Now, the bigger question is how quickly $ORCL can turn that huge backlog into revenue and better cash flow.
#ORCL #AI #CloudComputing #Tech
