Oracle’s latest numbers are pretty interesting.
$ORCL did $19.3B in revenue for the quarter, up 30% YoY, while Cloud Infrastructure revenue jumped 121% to $7.4B.
And then there’s the $664B backlog 😳
They also secured more than $30B in new AI cloud contracts.
The part I’m watching closely is the -$5.4B free cash flow. The AI demand is clearly there, but now Oracle has to show it can turn that huge backlog into actual revenue and cash.
Do you think $ORCL is becoming one of the stronger AI infrastructure plays, or is the market getting ahead of itself?
#ORCL #AI #Stocks $BTC
$ORCL did $19.3B in revenue for the quarter, up 30% YoY, while Cloud Infrastructure revenue jumped 121% to $7.4B.
And then there’s the $664B backlog 😳
They also secured more than $30B in new AI cloud contracts.
The part I’m watching closely is the -$5.4B free cash flow. The AI demand is clearly there, but now Oracle has to show it can turn that huge backlog into actual revenue and cash.
Do you think $ORCL is becoming one of the stronger AI infrastructure plays, or is the market getting ahead of itself?
#ORCL #AI #Stocks $BTC
