"Big Red released financial results that analysts viewed as fairly normal for the first quarter of the 2026 fiscal year. Profits were flat at $2.93 billion for the quarter and its earnings per share were lower than the same quarter last year. But what's sent the stock price skyrocketing nearly 30 percent after normal trading hours on Tuesday is anticipated future earnings."
""We signed four multi-billion-dollar contracts with three different customers in Q1," said Catz. "This resulted in RPO contract backlog increasing 359 percent to $455 billion. It was an astonishing quarter - and demand for Oracle Cloud Infrastructure continues to build. Over the next few months, we expect to sign up several additional multi-billion-dollar customers and RPO is likely to exceed half a trillion dollars.""
Oracle reported flat profits of $2.93 billion for Q1 of fiscal 2026 with earnings per share lower than the prior-year quarter. Remaining performance obligations rose to $455 billion, a 359 percent increase driven by four multi-billion-dollar contracts with three customers. Management expects RPO to exceed $500 billion as additional multi-billion deals close, and forecasts Oracle Cloud Infrastructure revenue growing from $18 billion this year to $144 billion by 2031. A major July deal with the U.S. General Services Administration and potential other government agreements are expected to contribute materially. The RPO news triggered an almost 30 percent after-hours stock jump.
#oracle #cloud-infrastructure #remaining-performance-obligations-rpo #government-contracts #stock-surge
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