Oracle(US:ORCL) 美股IPO·2025-10-17 02:08Core Insights - Oracle's AI infrastructure project, with a total revenue of $60 billion over six years, is expected to achieve a gross margin of 35% [3][4] - The company reported remaining performance obligations (RPO) exceeding $500 billion and anticipates revenue reaching $225 billion by fiscal year 2030 [4] - Following the disclosure of profitability expectations for the AI infrastructure business, Oracle's stock rose over 3%, peaking at more than 5% during trading [5] Financial Performance - Oracle's cloud business reported strong growth, with total revenue of $7.2 billion for the first fiscal quarter, a year-on-year increase of 28% [7] - The cloud infrastructure (OCI) segment generated $3.3 billion in revenue, reflecting a 55% year-on-year growth [7] - The RPO surged by 359% year-on-year to $45.5 billion, driven by significant long-term contracts with AI companies like OpenAI [7] Profitability Concerns - Despite strong overall performance, Oracle's AI cloud business faced financial pressures, with a reported gross margin of only 14% from server leasing [8][9] - This gross margin is significantly lower than the company's traditional software business, which has an overall gross margin of about 70% [9] - Reports indicated that Oracle incurred substantial losses from leasing NVIDIA chips, including a nearly $100 million loss from the new Blackwell architecture chips in the last fiscal quarter [9]