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The Oracle Indicator: Infrastructure Gains and Software Strains
Oracle rallies after strong AI cloud outlook: what it means for AI infrastructure, semis and software
Oracle is in focus after a strong quarter that reinforced the AI infrastructure trade. Oracle reported fiscal Q3 revenue of $17.2 billion, up 22% year over year. Cloud revenue rose 44% to $8.9 billion, OCI grew 84% to $4.9 billion, and remaining performance obligations jumped 325% to $553 billion. Reuters also said investors were encouraged by stronger guidance and by deal structures where some customers pay upfront or bring their own hardware.
The big takeaway is that this is not just an…
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