Oracle’s push into artificial-intelligence workloads is reshaping expectations for its cloud business. The enterprise software company reported fiscal first-quarter revenue up 11% to $14.9 billion and adjusted EPS up 6% to $1.47. The headline, however, was its remaining performance obligation, which jumped 359% year over year to $455 billion, with $317 billion in new contracts signed during the quarter. CEO Safra Catz said Oracle has become “the go-to place for AI workloads” and expects additional multi-billion-dollar customers, projecting RPO to surpass $500 billion. While Oracle trails the leaders—Amazon Web Services, Microsoft Azure and Google Cloud claim 30%, 20% and 13% market share respectively, versus Oracle’s 3% per Statista—the surge in AI-driven demand suggests a potential shake-up in the cloud hierarchy as enterprises seek data-center scale for training and inference on large language models.
Why Oracle Could Redefine Cloud Infrastructure by 2030
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