甲骨文和nebius

Core Viewpoint - Oracle's cloud business has shown exceptional growth, with a significant increase in remaining performance obligations (RPO), leading to a positive market response despite overall revenue falling short of expectations [1][2]. Group 1: Financial Performance - Total revenue for the quarter reached $14.9 billion, slightly below the expected $15 billion, with a year-over-year growth of 12% in USD and 11% at constant currency [1]. - Adjusted net income grew by 8% to $4.3 billion, slightly exceeding analyst expectations [1]. - Cloud computing revenue surged by 28% to $7.2 billion, while software sales declined by 1% to $5.7 billion [1]. Group 2: Cloud Infrastructure and AI Business - The remaining performance obligations (RPO) surged to $455 billion, a 359% increase from $138 billion three months prior, driven by several multi-billion dollar contracts [2]. - Major clients, including OpenAI, have signed significant contracts, indicating strong demand for Oracle's cloud infrastructure [4]. - Oracle's cloud infrastructure revenue is projected to grow by 77% this fiscal year, reaching $18 billion, with most revenue already secured in the current RPO figures [5]. Group 3: Competitive Landscape - Oracle plans to invest over $25 billion in capital expenditures next year, which is significantly lower than competitors like Microsoft, which is expected to invest $120 billion [3][4]. - Major tech companies, including Microsoft, Amazon, Google, and Meta, are projected to spend over $350 billion on data centers and AI infrastructure this year, with expectations to exceed $500 billion by 2026 [3]. Group 4: Future Outlook - The company anticipates more multi-billion dollar deals in the coming months, potentially pushing the order backlog beyond $500 billion by year-end [5]. - Future revenue projections indicate growth to $32 billion next year, $73 billion the following year, and reaching $114 billion by the third year [7].