Overview
- Oracle shares trade roughly 40% to 43% below recent highs following a mixed quarterly update.
- The company reported about 13% year-over-year revenue growth and 66% cloud infrastructure growth, a touch below investor expectations.
- Remaining performance obligations reached roughly $523 billion, including a $68 billion quarterly increase linked to deals with Meta and Nvidia.
- One report says RPO surged 438% from a year ago and rose 15% sequentially, with more contracted revenue expected within the next 12 months.
- UBS lowered its price target to $325 but maintained a Buy rating as the market watches for backlog conversion and returns on elevated capital spending.