The software giant's backlog stunned Wall Street.When I visited the Silicon Valley headquarters of Oracle (ORCL -5.05%) 25 years ago as a young technology reporter, I was dumbstruck.The stunning campus of glistening emerald towers surrounding a placid lake looked positively otherworldly to me, something akin to the Emerald City of Oz that summoned Dorothy and her ragtag gang in The Wizard of Oz. "This place looks like the future," I kept thinking.The enterprise software firm has since relocated to Texas, bu ...

It took Oracle (ORCL) 17 years to get back to the all-time highs it booked in the 2000 Dot-com Bubble. But in a single evening, it's minting the entirety of the fortune it took over a decade to earn back. The cloud giant reported earnings Tuesday evening, narrowly missing on both the top and bottom line. Revenue grew 12% year-over-year to $14.9 billion, led higher by rapid growth in cloud infrastructure revenue (+55% YoY to $3.3 billion) and cloud revenue (+28% YoY to $7.2 billion). Non-GAAP earnings per ...