Oracle Stock Rockets On $455 Billion Revenue Pipeline: Here's What Wall Street Is Buzzing About

Core Insights - Oracle Corp. reported first-quarter earnings of $1.47 per share and revenue of $14.92 billion, slightly below market expectations, but positive commentary on future growth drove the stock price up significantly [1][5] Financial Performance - Quarterly earnings were $1.47 per share and revenue was $14.92 billion, both figures slightly under Street estimates [1] - The company's backlog of remaining performance obligations increased by 359% to $455 billion due to four multi-billion-dollar contracts signed in Q1 [3] Growth Outlook - Oracle's MultiCloud database revenue grew by an extraordinary 1,529% in the first quarter, driven by demand from Amazon, Google, and Microsoft [2] - CEO Safra Catz forecasted that Oracle Cloud Infrastructure revenue will grow 77% to $18 billion this fiscal year, with potential expansion to $144 billion in the coming years [4] - The company plans to deliver an additional 37 datacenters to its hyperscaler partners, totaling 71 [3] Market Positioning - Chairman Larry Ellison emphasized that AI inference represents a much larger market than AI training, positioning Oracle favorably to capitalize on this opportunity [4] - The company anticipates signing several additional multi-billion-dollar customers in the near future, with remaining performance obligations likely to exceed half a trillion dollars [4] Analyst Reactions - Following the earnings report, multiple analysts raised their price targets for Oracle stock, reflecting optimism about future growth driven by cloud and AI adoption [5][6] - Price targets were raised significantly by various analysts, with JMP Securities increasing it from $315 to $342, and Guggenheim raising it from $250 to $375 [6] Stock Performance - Oracle's stock surged by 38.49% to $334.47 following the earnings report and positive outlook [7]