Oracle adds over $30 billion in AI cloud contracts

Oracle's quarterly revenue rose 30% to $19.3 billion. The company booked more than $30 billion in new AI cloud contracts during the quarter, taking its revenue backlog to $664 billion.

Oracle reported first-quarter fiscal 2027 revenue of $19.3 billion, up 30% year on year. Oracle booked more than $30 billion in additional AI cloud contracts during the quarter, taking its revenue backlog to $664 billion.