Oracle Q1 Cloud Infrastructure Jumps 121% as Backlog Hits $664B
TL;DR
- Oracle Q1 FY27 revenue reached $19.3B (+30% YoY), with cloud infrastructure at $7.4B (+121%) and total cloud revenue of $11.6B (+62%).
- New AI cloud contracts of over $30B lifted remaining performance obligations by $209B to $664B, with 300,000+ GPUs delivered to AI customers.
- Operating cash flow hit a record Q1 level of $23B (+184%), but free cash flow ran negative $5B and Oracle completed a $20B ATM equity sale.
Oracle's fiscal first quarter closed with total revenue of $19.3 billion, up 30% year over year, cloud infrastructure revenue of $7.4 billion, up 121%, and remaining performance obligations of $664 billion after a $209 billion jump in a single quarter, according to the company's release carried by StockTitan.
The backlog swelled because Oracle booked "more than $30 billion" of additional AI cloud contracts during the quarter. To serve them, the release says Oracle delivered "300,000+" GPUs to AI customers, "nearly tripled" its prior-quarter capacity, and added 850 megawatts of new data center capacity, per a summary in CryptoBriefing. The buildout is one of 463 AI infrastructure stories we've logged in the last 90 days.
The cash side of the story is uglier than the top line. Operating cash flow of $23 billion was a record Q1, up 184%, but free cash flow was negative $5 billion "due to infrastructure investments," and Oracle completed a $20 billion ATM equity sale during the quarter to help fund the buildout.
Management lifted its FY2027 revenue target to "at least $90 billion" and guided Q2 growth of 30-34%. Non-GAAP EPS came in at $1.92, up 30%.
Originally reported by stocktitan.net
Read the original article →Original headline: Oracle Q1 Cloud Infrastructure Revenue Jumps 121% to $7.4B, Books $30B in New AI Cloud Contracts