Oracle Shares Rise as AI Cloud Backlog Beats Estimates

Oracle shares rise as AI cloud backlog beats estimates

Oracle earnings show slower cash burn as AI spending starts to pay off; stock jumps 4% after market

Oracle’s latest earnings offered investors relief as stronger-than-expected revenue and a smaller cash burn eased concerns over its heavy AI spending. The company’s revenue backlog surged to $664 billion, while customer prepayments helped fund capital expenditure. Oracle shares rose 4% after market as investors gained confidence in its AI growth strategy.

Oracle shares climb after strong quarterly results, analysts weigh in

Oracle's robust growth and increased cloud contracts highlight its pivotal role in the evolving tech landscape, potentially reshaping market dynamics.

Oracle customers prepaid $11 billion of its capital spending bill

Oracle says customers prepaid $11.36 billion of its Q1 capital spending, a disclosure analysts call bullish after a year of AI cash-burn fears, as cash burn and backlog both beat estimates.

Oracle's cash burn and backlog both beat estimates as customers cover part of the AI bill

Oracle told investors on Thursday that customers prepaid $11.36 billion of its capital spending in the first quarter, a disclosure analysts said was a bullish signal for a company whose ballooning AI spending stoked a year of cash-burn worries. The revelation yielded a smaller-than-expected cash...