Oracle is showing just how strong AI infrastructure demand remains.
Cloud Infrastructure revenue doubled to $7.4B, while remaining performance obligations hit a massive $664B.
Even more notable, Oracle added more than $30B in new AI cloud contracts during the quarter.
But there’s another side to the story.
Free cash flow came in at -$5.4B, below analyst expectations.
The big question now isn’t whether Oracle has demand. It’s how quickly that massive backlog can turn into actual revenue and cash flow.
That’s what I’ll be watching next for $ORCL .
$ORCL is also one of the TradFi assets I can track alongside crypto on BingX.
#Oracle
Cloud Infrastructure revenue doubled to $7.4B, while remaining performance obligations hit a massive $664B.
Even more notable, Oracle added more than $30B in new AI cloud contracts during the quarter.
But there’s another side to the story.
Free cash flow came in at -$5.4B, below analyst expectations.
The big question now isn’t whether Oracle has demand. It’s how quickly that massive backlog can turn into actual revenue and cash flow.
That’s what I’ll be watching next for $ORCL .
$ORCL is also one of the TradFi assets I can track alongside crypto on BingX.
#Oracle
