Oracle Reports 47% Cloud Revenue Surge, Backlog Hits $638B

Oracle reports 47% year-over-year cloud revenue growth to $9.9 billion, with cloud infrastructure up 93% to $5.8 billion. Cloud computing backlog surges 363% to $638 billion, driven by customer prepaid GPU purchases. Adjusted EPS rises 20% to $2.03, exceeding analyst consensus. Stock dips 5% on results despite strong growth and 73.55% gross margin.