Oracle Earnings Summary: Missed Estimates, But RPO And Demand Look Robust

Cristi Croitoru Oracle (NYSE:ORCL) reported their fiscal Q4 ’24 financial results after the bell last Tuesday, June 11th, 2024, and while the numbers weren’t great (both revenue and EPS missed consensus estimates), the stock price reaction was notable, probably due to the growth in RPO (remaining performance obligation, which is likely a fancy term for backlog), and the deals with Google (GOOG, GOOGL) and Open AI, around OCI or Oracle Cloud Infrastructure. I have written quite a bit about Oracle over th ...