Oracle’s cloud infrastructure revenue surged 52% to $3 billion in the recent quarter, indicating strong growth amid the AI boom. The company’s remaining performance obligations (RPO) also rose 41% to $138 billion, highlighting future revenue potential.
Established in the late 1970s, Oracle has evolved from database management to providing AI-driven cloud applications and multicloud services. Its recent growth positions Oracle as a potential surprise winner in the ongoing AI revolution, despite not being as spotlighted as other major players.
Currently, Oracle trades at 29 times its forward earnings estimates, suggesting a reasonable valuation for a growing company amidst escalating demand for AI capabilities across the tech industry.
