AIThe Motley Foolabout 4 hours ago
Oracle Reports $553B AI Backlog in Q4
1 min read
Oracle reports $553 billion in remaining performance obligations for AI infrastructure contracts. Revenue from cloud infrastructure grew 84% year over year. The backlog surged from $138B a year ago to $553B in Q4, with $300B added in Q1. Sequential growth slowed to $29B in Q4. Cloud revenue growth accelerated through the year.
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