Oracle Shares Surge on Cloud Orders Forecast
Lead: Oracle shares jumped 27% in after-hours trading after the company announced it expects its Oracle Cloud Infrastructure (OCI) booked orders to exceed $500 billion, driven by soaring demand for its competitively priced AI cloud services at its September 9 earnings release. Nut Graf: The forecast underscores Oracle’s transformation into a major AI-focused cloud provider, leveraging multi-cloud partnerships and massive contract backlog growth to challenge hyperscalers and fuel investor optimism.
Cloud Bookings Set to Top Half-Trillion Dollars
- Oracle reported a 359% year-over-year jump in Remaining Performance Obligations (RPO) to $455 billion for Q1 of fiscal 2026, driven by four new multi-billion-dollar contracts.
- CEO Safra Catz said the company expects RPO to surpass $500 billion within months, reflecting “growing appetite for affordable AI cloud solutions.”
Strong First-Quarter Results and Guidance
- Total revenue rose 12% to $14.93 billion, with cloud revenue up 28% to $7.2 billion.
- Adjusted non-GAAP earnings per share climbed 6% to $1.47.
- Oracle forecast OCI revenue growth of 77% to $18 billion for fiscal 2026, with projections reaching $144 billion in four years.
Multi-Cloud Partnerships Fuel Growth
- Multi-Cloud database revenue from AWS, Google Cloud and Microsoft Azure surged 1,529% in Q1.
- Oracle plans to add 37 new hyperscaler-partner data centers, bringing the total to 71, to support expanding AI workloads.
AI and Healthcare Initiatives
- On September 10 at Oracle Health Summit, Oracle launched its AI Center of Excellence for Healthcare to help hospitals and health systems deploy AI-driven workflows securely and in compliance with HIPAA standards.
Market Impact
- Oracle’s after-hours share gain reflects investor confidence in its AI-centric cloud strategy and backlog strength.
- Analysts note that while AWS, Azure and Google Cloud still lead, Oracle’s low-cost AI infrastructure niche is winning new enterprise deals.
Oracle’s strategic pivot toward AI cloud services and aggressive multi-cloud collaboration signal its ambition to reshape the enterprise cloud market and sustain high-growth momentum.
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