Oracle shares skyrocketed nearly 30% in after-hours after upbeat guidance overshadowed a small earnings miss. Q1 Cloud revenue surged 28% to $7.19 billion, with infrastructure revenue jumping 55%. Future revenue backlog hit $455 billion after multi-billion-dollar deals. CEO Safra Catz sees Cloud infra rising to $18 billion this year, with aggressive growth through FY30.
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09:38 am on
10 Sep