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Oracle CFO: Company's Backlog Reaches $638 Billion, Reflecting Strong Market Demand for AI Infrastructure and Cloud Services
17 hour ago /
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Author：小编
After the market close on Wednesday, Eastern Time, Hilary Barbara Maxson, CFO of Oracle, revealed that as of the fiscal year-end on May 31, the company's remaining performance obligations had surged to $638 billion, a staggering 363% increase year-over-year. It is estimated that 12% of this amount will be recognized as revenue within the next year, and 34% will be recognized over the next 13 to 36 months. Maxson stated that this record-breaking figure is attributable to long-term customer contracts, reflecting robust market demand for artificial intelligence infrastructure and cloud services, providing high visibility for future revenue growth.
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