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The Oracle AI Backlog: Mapping the Infrastructure Boom
Oracle delivered a strong signal that enterprise demand for AI infrastructure remains intense. Fiscal first-quarter revenue rose 30% to $19.3 billion, while adjusted earnings reached $1.92 per share. The bigger story was Oracle’s backlog. The company booked more than $30 billion in new AI cloud contracts, lifting remaining performance obligations to $664 billion.
Negative free cash flow was $5.4 billion, much better than the roughly $9.6 billion outflow expected.
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Oracle Cloud Infrastructure uses…
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