17:07 - 10.09.2025
September 10, Fineko/abc.az. Despite financial results falling short of expectations, Oracle’s backlog has increased 4.6 times over the past year, reaching $455 billion.
According to ABC.AZ, Oracle plans to secure new major contracts soon and expects this figure could surpass $500 billion.
During market trading, Oracle shares rose by 28%, marking the fastest growth since 1999.
Revenue in the first fiscal quarter grew 12% to $14.93 billion, while net profit remained flat at $2.93 billion compared to the previous year. Cloud services revenue increased 28% to $7.19 billion.
Oracle forecasts cloud infrastructure revenue will reach $18 billion this year and $144 billion in four years. Quarterly dividends are set at $0.50 per share.
