Sunday, 15 March, 2026
Oracle Forecasts Over $500 Billion in Cloud Orders as Stock Soars 27%
By Isha
Oracle announced that its Oracle Cloud Infrastructure (OCI) remaining performance obligations (RPO) surged 359% year-over-year to $455 billion in Q1—indicating that booked cloud orders could surpass $500 billion in the coming months. The optimistic outlook drove Oracle’s stock up 27% after hours. OCI revenue is projected to grow 77% this fiscal year to $18 billion.
Read full story at Economic Times