Oracle(US:ORCL) 硬AI·2025-09-10 06:22Core Viewpoint - Oracle's substantial RPO (Remaining Performance Obligations) and aggressive cloud revenue guidance have ignited market sentiment, showcasing the company's strong growth potential driven by AI demand [2][3]. Group 1: RPO and Order Backlog - Oracle's RPO surged by 359% year-over-year, reaching $455 billion, indicating a significant increase in signed contracts yet to be recognized as revenue [6]. - The CEO, Safra Catz, highlighted that the demand for Oracle Cloud Infrastructure (OCI) continues to grow, with expectations of signing additional multi-billion dollar contracts in the coming months, potentially pushing RPO over $500 billion [6][10]. Group 2: Cloud Business Revenue Growth - Supported by the large RPO, Oracle forecasts a remarkable 77% growth in its OCI revenue for the current fiscal year, reaching $18 billion [8]. - Over the next four years, OCI revenue is projected to rise to $32 billion, $73 billion, $114 billion, and ultimately $144 billion, suggesting an almost doubling of revenue each year [8][10]. Group 3: Capital Expenditure Plans - To meet the demands of AI giants, Oracle plans significant capital investments, with expected capital expenditures of $35 billion for the current fiscal year, primarily focused on revenue-generating data center equipment [12]. - Increased capital expenditure is viewed positively, as it indicates the company's need for capacity to convert its substantial RPO into accelerated revenue and profit growth [14].