Oracle's stock has surged due to significant developments in its cloud infrastructure business, driven by high demand for AI capabilities. The company reported a 44% increase in Remaining Performance Obligation (RPO) to $98 billion, largely attributed to new AI training contracts. Oracle signed over 30 AI contracts worth more than $12 billion in Q4 and nearly $17 billion for the fiscal year. Key partnerships with OpenAI and Google have further strengthened Oracle's position in the AI market. Oracle's cloud infrastructure has been chosen to extend Microsoft's Azure AI platform, enhancing its competitive edge. Despite missing earnings expectations, Oracle's stock rose by 10%, reflecting investor confidence in its long-term growth prospects. Oracle's stock increased by +9.5% after hours and +7.87% pre-market, reaching a record high. The company expects continued strong AI demand to push sales and RPO even higher throughout fiscal year 2025.
$ORCL CEO: "This Q4 was powered by the enormous demand for our cloud services, and they showed up in RPO or remaining performance obligations....RPO was $98B, up $18B from Q3 and up 44% YoY...~9% of total RPO is expected to be recognized as revenue over the next 12 months" https://t.co/qpa0M5bvsI
Big news! OpenAI has selected $ORCL's cloud infrastructure to extend $MSFT's Azure AI platform. Comment from CEO Safra Catz in the recent Q4 earnings call: https://t.co/neb8Ou6wky
Oracle's stock is at a record high after reporting traction in its cloud business, including adding OpenAI as a customer for AI training $ORCL https://t.co/6TxuZCDAEJ
Oracle's stock is at a record high on traction in its cloud business, including adding OpenAI as a customer for AI training $ORCL https://t.co/7Y29q3GOAd
Oracle stock pops 10% on AI demand, new deals with Google and OpenAI https://t.co/QUsJCpuyki
$ORCL investors are brushing off the quarter and understandably frothing about the @OpenAI and @googlecloud deals—and the $98B RPO. Some broader thoughts: -OCI demonstrates, again, that it has competitive IaaS. I wonder if this is for @Apple and/or training the next GPT. That… https://t.co/AsibSKkCrk
$ORCL CEO: "OpenAI selected Oracle to run deep learning and AI workloads on Oracle Cloud infrastructure...In total, we signed over 30 AI contracts for over $12 billion this quarter and nearly $17 billion this year.
$ORCL | Oracle Says Throughout Fiscal Year 2025 Expects Continued Strong AI Demand To Push Oracle Sales And RPO Even Higher - Oracle Expects Each Successive Quarter to Grow Faster Than the Previous Quarter in FY25 1/2
$ORCL | Oracle Says Throughout Fiscal Year 2025 Expects Continued Strong AI Demand To Push Oracle Sales And RPO Even Higher - Says Oracle Signed Over 30 AI Sales Contracts Totaling More Than $12.5 Billion in Q4 2/2
$ORCL (+7.1% pre) Oracle shares jump on $GOOGL Google and OpenAI deals despite earnings miss - CNBC https://t.co/9HoQZ4a4S8
$ORCL +7.87% in pre-mkt as it was in AHs last night and it's all about +44% RPO (Remaining Performance Obligation - the total future performance obligations arising from contractual relationships). - as stated by Oracle CEO Safra Catz: "In Q3 and Q4, Oracle signed the largest…
Oracle gains as cloud infrastructure business gets AI boost https://t.co/sIVW0e0O6n https://t.co/iCnMvmz09o
OpenAI strengthens artificial intelligence capabilities by partnering with Oracle Cloud Infrastructure and teaming up with Microsoft. #AI #Technologyinnovation $MSFT $ORCL
Microsoft extends Azure into Oracle cloud to satisfy OpenAI https://t.co/waZEAwLM8W
ICYMI. Oracle double miss. CTO: "In Q3 and Q4, Oracle signed the largest sales contracts in our history—driven by enormous demand for training AI large language models in the Oracle Cloud. These record level sales drove RPO up 44% to $98B" $ORCL: +9.5% AH https://t.co/uavfVxoDPv
Oracle’s cloud AI deals excite investors, but do they have long-term potential? https://t.co/hqT3YCfSZC