Oracle reported another strong quarter, marked by accelerating cloud revenue growth, particularly in its infrastructure business driven by unprecedented AI demand and strategic contracts. The company highlighted its unique AI data platform, multi-cloud strategy, and integrated application suites as key differentiators for future expansion.
- Record Remaining Performance Obligations (RPO) of $523.3 billion, up 433% year-over-year, driven by a substantial $68 billion increase this quarter from major AI contracts with Meta, NVIDIA, and other key customers, signaling robust future revenue growth and diversification of the customer base.
- Cloud Infrastructure (OCI) revenue surged 66%, with GPU-related revenue skyrocketing 177%, fueled by unprecedented AI demand. Oracle is rapidly expanding its global capacity, delivering 50% more GPU capacity this quarter and planning 64 new OCI regions, including a super cluster with over 96,000 NVIDIA Grace Blackwell GB200 GPUs.
- Introduction of the Oracle AI Data Platform and AI Database to enable multi-step reasoning on all private enterprise data, unifying information across Oracle and non-Oracle sources for advanced AI models. This is complemented by a reorganized "One Oracle" sales motion and integrated application suites with over 400 built-in AI features, driving accelerated application growth and customer upgrades.