Oracle CFO: Company backlog reaches $63.8 billion, reflecting strong market demand for AI infrastructure and cloud services
Oracle's Chief Financial Officer, Hilary Barbara Maxson, announced that the company's remaining performance obligations reached $638 billion by the end of the fiscal year on May 31st. This figure represents a 363% increase year-over-year and is attributed to strong market demand for AI infrastructure and cloud services. A significant portion of this backlog is expected to be recognized as revenue within the next three years, providing Oracle with high visibility into future revenue growth. AI
IMPACT Signals robust enterprise investment in AI infrastructure, potentially driving further demand for cloud services and hardware.