Were all kind of in shock. Oracles revenue projections leave analysts slack-jawed
Summary
Oracle delivered a much stronger-than-expected forward outlook that sent its stock sharply higher after hours. Analysts reacted with surprise to the company’s accelerating cloud infrastructure business and its large pipeline of AI-related contracts. Oracle projected rapid revenue growth in cloud infrastructure and said it signed several multibillion-dollar deals in the quarter. The report also highlighted a huge increase in remaining performance obligations, which signals substantial contracted future revenue.
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