Core Points - Larry Ellison, co-founder of Oracle, has reached a net worth of $393 billion, surpassing Elon Musk to become the world's richest person [1] - Oracle's stock surged over 40% in a single day, marking the largest daily increase since 1999 [3] Financial Performance - Oracle reported adjusted earnings per share of $1.47, slightly below the expected $1.48, with revenue of $14.93 billion, also below the forecast of $15.04 billion [9] - The company announced a staggering $455 billion in unfulfilled obligations, a year-on-year increase of 359% [9] - Cloud infrastructure revenue reached $3.3 billion, growing 55% year-on-year, with expectations to reach $18 billion in fiscal year 2026, a nearly 77% increase from $10.3 billion in fiscal year 2025 [9][10] Market Reaction - Oracle's stock price in Mumbai rose by 10%, with trading volume nine times the average for the past three months [7] - Multiple institutions have raised Oracle's target price, with Piper Sandler increasing it from $270 to $330 and Scotiabank from $300 to $350 [7] Strategic Developments - Oracle has signed four contracts worth "billions" with three different clients in the last quarter [10] - The company is expanding its multi-cloud services, with plans to deliver 37 additional data centers to major partners, totaling 71 [10] - Revenue from major clients like Amazon, Alphabet, and Microsoft has increased by 1529% in the first quarter [9]

Core Viewpoint - Oracle's stock price surged over 28% in after-hours trading, marking the largest single-day increase since 1999, driven by strong market reactions to its financial performance and cloud business growth [1][5]. Financial Performance - For the first fiscal quarter of 2026, Oracle reported adjusted earnings per share of $1.47, slightly below analyst expectations of $1.48, with revenue of $14.93 billion, also missing the forecast of $15.04 billion [7]. - The company announced a staggering $455 billion in unfulfilled obligations (contracted but unrecognized revenue), a year-over-year increase of 359% [7]. - Cloud infrastructure revenue reached $3.3 billion, reflecting a 55% year-over-year growth, compared to 52% in the previous fiscal quarter [9]. Future Projections - Oracle anticipates cloud infrastructure revenue to reach $18 billion in fiscal year 2026, a nearly 77% increase from $10.3 billion in fiscal year 2025 [10]. - Projections for the next four fiscal years indicate revenue growth to $32 billion, $73 billion, $114 billion, and $144 billion, respectively, suggesting an eightfold increase if current fiscal targets are met [10]. Strategic Partnerships - Oracle has established agreements with major players like Amazon, Alphabet, and Microsoft to run its OCI services on their cloud infrastructures, resulting in a 1529% revenue increase from these clients in the first quarter [11]. - The company signed four contracts worth "tens of billions" with three different clients during the quarter, contributing to a total revenue growth of 12% [11]. Market Reaction - Following the earnings report, multiple institutions raised Oracle's target price, with Piper Sandler increasing it from $270 to $330 and Scotiabank from $300 to $350 [4].