Oracle reported that its remaining performance obligations, a key measure of future cloud revenue, reached $455 billion in the latest quarter, which is an increase of 359% from the previous year.

This figure far exceeded expectations and triggered a 40% rise in Oracle’s stock, marking the company’s strongest single-day gain since 1992. The announcement brings Oracle within range of a $1 trillion valuation, signaling a significant shift in its role within the cloud infrastructure market.

The company also projected its Oracle Cloud Infrastructure (OCI) business will generate $18 billion in revenue in fiscal 2026, growing to $144 billion by 2030. This growth is supported by a set of recently signed multibillion-dollar contracts, expanded use of Oracle’s services by major cloud providers, and new integrations with AI models from OpenAI and Google.

Oracle’s approach focuses on hosting AI workloads while allowing customers to keep their data and tools within the company’s existing database environment.

Why It Matters: The company’s results indicate a measurable shift in enterprise priorities, where demand for cloud infrastructure tied to AI use cases is now a leading growth driver. Oracle’s ability to secure long-term contracts and expand through partnerships reflects how AI workloads are reshaping the infrastructure market.

• $455 Billion in Backlog Sets New Industry Standard: Oracle’s remaining performance obligations rose 359% year-over-year, far exceeding analyst projections and reinforcing the company’s growing role in next-generation cloud infrastructure. The $455 billion figure came in well above the expected $180 billion, surprising financial markets and prompting a sharp response in the stock.
  

• Aggressive AI Cloud Roadmap: Oracle projects OCI revenue to grow from $10.3 billion in 2025 to $144 billion by 2030, driven by strong enterprise demand for infrastructure that supports AI workloads. Its platform enables direct integration between enterprise databases and models such as ChatGPT, Gemini, and Grok, positioning Oracle as a core provider for AI deployment.

• MultiCloud Partnerships Driving Hypergrowth: Oracle’s infrastructure is now running within the cloud platforms of Microsoft, Google, and Amazon, with revenue from these deployments rising 1,529% in Q1. The company plans to add 71 more datacenters to support these partnerships, strengthening its role within the broader cloud ecosystem.

• New AI Agreements Expand Oracle’s Reach: Oracle signed four multibillion-dollar deals during the quarter and expanded its AI partnerships by adding OpenAI’s GPT-5 and Google’s Gemini models to its cloud platform. These developments position Oracle as a capable, vendor-neutral provider for hosting advanced AI workloads.

• Stock Soars, Ellison Surges to Second Richest Globally: Oracle shares had their strongest single-day gain since 1992, pushing the company’s valuation to $950 billion. The surge also added $100 billion to co-founder Larry Ellison’s net worth, briefly making him the world’s second-richest person.

Go Deeper -> Oracle soars 30% on cloud growth projections even as earnings miss estimates – CNBC

Oracle expects half a trillion dollars in booked cloud orders, stock rises 27% – Reuters

Oracle stock booms 40%, on pace for best day since 1992 – CNBC