Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%
By Juby Babu
(Reuters) – Oracle said on Tuesday that the income that reserves in Oracle Cloud infrastructure business expects to exceed half a trillion dollars by increasing the demand for relatively low -cost cloud infrastructure services and increasing its shares after the bell.
RPO, the most popular measure of reserved performance obligations or reserved income, rose by 359% in the first quarter to 455 billion dollars.
“We expect a few billion dollars more customers to register for a few billion dollars for the next few months, and RPO is likely to exceed half trillion dollars.” He said.
Oracle, which has risen over 107% of stocks this year, estimates the increase in OCI revenue to 77% to 18 billion dollars in this financial year and up to $ 144 billion for the next four years.
“Businesses are clearly enthusiastic for cost -effective AI cloud vehicles and Oracle positions to capture this demand.” He said.
Oracle offers integrated cloud technologies with flexible distribution models and allows them to meet a number of customer demands.
Catz, “all the databases of our customers … We have made it very easy to connect directly to the world’s most advanced AI reasoning models, all of which are uniquely available in Oracle Cloud, Gemini, Gok,” he said.
Despite being a smaller player, he said, “Both the current and the prediction numbers continue to pay Oracle’s investment in the infrastructure as they look at Oracle Cloud to support AI initiatives of large organizations,” he said.
Amazon, alphabet and Microsoft To work in OCI’s own cloud infrastructures. The income from these customers increased by 1.529% in the first quarter.
“Since we have delivered 37 more data centers to our three hyperscaler partners for a total of 71, we expect many Bloud revenue to grow in every quarter for a few years,” President Larry Ellison said. He said.
“According to Melissa Otto, the President of S&P Global’s visible Alpha,” Oracle not only continues by offering integrated solutions in various environments, but actually leads to the cloud area. This can attract more businesses looking for versatile cloud options. “
Oracle also said that he signed a four billion dollar contract with three different customers in the first quarter and helped 12% of the income to $ 14.93 billion.
In the second quarter, Oracle expects the total income to grow 12% to 14%, while cloud revenue increase is between 32% and 36%.
(Reporting by Juby Babu at Mexico City; Arrangement by Alan Barona)
