Oracle Stock Skyrockets After Strong AI Outlook
Reading Time: 2 minutes
Oracle has started the fiscal year 2026 with strong momentum. In the first quarter, revenue rose by 11% to $14.9 billion, with the cloud business even growing by 27%. The cloud infrastructure in particular was the growth driver, increasing by 54% to $3.3 billion. Revenues from database services and multi-cloud solutions also saw significant gains. Backlog soars The biggest surprise came from the jump in remaining contract commitments. These rose to $455 billion, an increase of 359% year-over-year. CEO Safra Catz stated that Oracle is now "the...
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