Just finished reading Oracle’s latest quarterly earnings report for Oracle’s newest season. The growth rate is even more outrageous than I originally expected.
Total quarterly revenue was $19.3 billion, up 30% year over year.
But what really pulls the numbers ahead isn’t traditional software—it’s the cloud.
Cloud revenue was $11.6 billion, up 62%; within that, cloud infrastructure OCI reached $7.4 billion directly, up 121%.
Meanwhile, traditional software revenue actually fell 3%.
There’s an even more staggering figure: Oracle’s remaining performance obligations (RPO)—that have not yet been recognized as revenue—have reached $664 billion, which is up by $209 billion versus the same period last year.
The cost is also very clear.
To keep expanding its AI compute capacity and data centers, Oracle’s free cash flow in the quarter has already turned negative to $5.0 billion.
Revenue is accelerating, orders are stacking up to $664 billion, and the money is also being poured into data centers at an unprecedented speed.
$NVDAB $AAPLB $NVDA.US
Total quarterly revenue was $19.3 billion, up 30% year over year.
But what really pulls the numbers ahead isn’t traditional software—it’s the cloud.
Cloud revenue was $11.6 billion, up 62%; within that, cloud infrastructure OCI reached $7.4 billion directly, up 121%.
Meanwhile, traditional software revenue actually fell 3%.
There’s an even more staggering figure: Oracle’s remaining performance obligations (RPO)—that have not yet been recognized as revenue—have reached $664 billion, which is up by $209 billion versus the same period last year.
The cost is also very clear.
To keep expanding its AI compute capacity and data centers, Oracle’s free cash flow in the quarter has already turned negative to $5.0 billion.
Revenue is accelerating, orders are stacking up to $664 billion, and the money is also being poured into data centers at an unprecedented speed.
$NVDAB $AAPLB $NVDA.US