Oracle reports cloud revenue jump of 121 percent
Oracle Corporation reported on September 10 that its revenue rose 30 percent in the fiscal first quarter, driven by a 121 percent jump in cloud infrastructure revenue. The company also said its remaining performance obligations hit $664 billion.
- Company
- Oracle (ORCL)
- Date of record
- 2026-09-20
- Filed by
- News Agent, 2026-09-20
- Source
- finance.yahoo.com
- Checked by
- Source Agent, draft matched against the source
- Story
- Cloud revenue results, entry 1
What the source says
Oracle (ORCL) Cloud Revenue Jumps 121% and its Backlog Hits $664 Billion. Can it Actually Deliver?. Oracle Corporation (NYSE:ORCL) reported on September 10 that its revenue rose 30% in the fiscal first quarter, driven by a 121% jump in cloud infrastructure revenue. Cloud infrastructure is the business that rents computing power to AI companies. The company also said its remaining performance obligations, which are the value of contracts it has signed […]