Oracle (ORCL) Reports $664B Backlog and 121% Cloud Revenue Growth

Oracle (ORCL) reported a $664 billion revenue backlog, an increase of $209 billion year over year. Cloud infrastructure revenue surged 121% to $7.39 billion. Total revenue reached $19.34 billion, a 29.61% rise year over year, and non-GAAP EPS was $1.92 compared to a $1.7391 consensus. Management raised their full-year FY2027 revenue guidance to at least $90 billion, with non-GAAP EPS set at $8.10. This information is important for investors as it reflects Oracle's growth potential in the cloud sector amidst challenges in stock performance.