Oracle Expects Half A Trillion in Cloud Orders, marking one of the biggest milestones in its cloud journey. The company announced that booked revenue in its Oracle Cloud Infrastructure (OCI) business is set to cross $500 billion, fueled by strong demand for AI-driven and enterprise cloud services. Oracle Expects Half A Trillion in Cloud Orders comes as its shares jumped 27% after the announcement, reflecting solid investor confidence.
CEO Safra Catz revealed that Oracle’s remaining performance obligations (RPO) surged 359% to $455 billion in the first quarter ending August 31. She added that more multi-billion-dollar contracts will soon push RPO beyond half a trillion dollars.
Analysts say Oracle’s relatively low-cost cloud services and deep AI integrations are giving it an edge. The company has also struck major deals with Amazon, Microsoft, and Alphabet, allowing OCI to run inside their cloud platforms. MultiCloud revenue soared by over 1,500% in the first quarter, with expectations of continued growth.
Chairman Larry Ellison highlighted plans to expand with 37 more datacenters for its hyperscaler partners. With enterprises eager for cost-effective AI tools, Oracle’s integrated cloud solutions are positioning it as a strong competitor in the global cloud market.
