Earnings Miss, Revenue Miss, but big news is Oracle CEO talks about $500B in future customer commited obligations. A ridiculous number.
From Dow Jones Newswire:
"Oracle ended the quarter with total remaining performance obligations, a measure of contracted revenue it expects to collect, of $455 billion. That's up more than fourfold from the same quarter a year earlier.
The company signed four multi-billion-dollar contracts with three different customers during the quarter, Chief Executive Safra Catz said. "It was an astonishing quarter — and demand for Oracle Cloud Infrastructure continues to build," she said.
Oracle expects to sign several more multi-billion-dollar customers in the next few months and push its remaining performance obligations up to more than $500 billion, Catz said."
Oracle up 20% AH on $500B in future obligations
byu/mulletstation ininvesting
Posted by mulletstation
7 Comments
AI infrastructure spend is not slowing down. Big customers continue to fight for allocation of compute resources
Both misses, but stock up pikachu face! Was hoping it goes below 200 to pick up some
Aka OpenAI „contracted“ revenue
Been in and out of oracle since 2021. Messed this one up as badly as AMD which I started buying at $2 around 2016.
Buy and hold and don’t mess around. AI is going to run everything. It’s going to be like bladerunner where megacorps have more power than the government.
This is getting ridiculous. Why not 1 trillion or 5 trillion in future contracts? Obvious manipulation here. There’s no accountability when it doesn’t end up being 500B.
One thing that I am concerned of that happened during dot com. Companies like Sun and Cisco were “booking” future revenue from dot com companies. When they broke their contracts, these companies had to recognize huge losses.
I worked there for 26 years and Larry is a magician. They’ve been laying off people left and right last month and this month too.