Oracle reports Q1 revenue up 12% YoY to $14.93B, vs. $15.04B est., $2.9B net income, and remaining performance obligations up 359% YoY to $455B; ORCL jumps 40%+
Jordan Novet / CNBC :
CNBC Jordan Novet
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Discussion
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@ericjhonsa
Eric Jhonsa
on x
Less than 8 months after the DeepSeek panic, we have $ORCL forecasting its IaaS revenue will grow 14x from FY25 to FY30. [image]
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@ericjhonsa
Eric Jhonsa
on x
You also have $CRWV saying it's seen another “inflection” in demand over the last 4-6 weeks, and that contract durations are extending from 2-3 years to 4-6 years (transcript via Quartr). [image]
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@edzitron.com
Ed Zitron
on bluesky
I'm not kidding when I say OpenAI is a systemic risk to Oracle [embedded post]