Overview
- Oracle reported fiscal Q3 revenue of $17.2 billion and non-GAAP EPS of $1.79, with both metrics rising more than 20% year over year for the first time in over 15 years.
- Cloud momentum accelerated, with Infrastructure-as-a-Service revenue up 84% to $4.9 billion and AI infrastructure revenue up 243%, as total cloud revenue reached $8.9 billion.
- Remaining performance obligations climbed to $553 billion, signaling a massive contracted backlog that underscores sustained demand for Oracle’s cloud and AI services.
- To support build-outs after reporting $43.8 billion in negative free cash flow through the first three quarters, Oracle secured $25 billion in debt and plans workforce reductions of 12%–18% (about 20,000–30,000 jobs).
- Oracle said its Health Clinical AI Agent for automated note generation is live in U.S. emergency departments and inpatient settings, with providers reporting more than 200,000 physician hours saved.