Oracle announced its fiscal 2026 Q1 results with significant growth in various segments.
Total Remaining Performance Obligations reached $455 billion, showing a 359% increase year-over-year in both USD and constant currency.
Cloud revenues surged by 28% in USD to $7.2 billion, while software revenues experienced a slight decline.
Revenue Growth
Total Revenue for Q1 was $14.9 billion, marking a 12% increase in USD and an 11% increase in constant currency.
Earnings Performance
GAAP Earnings per Share decreased by 2% to $1.01, while Non-GAAP Earnings per Share rose by 6% to $1.47 in Q1.
Cloud Success
Cloud Infrastructure (IaaS) Revenue grew by 55% in USD, reaching $3.3 billion during the first quarter.
RPO Expansion
Remaining Performance Obligations surged to $455 billion, driven by multi-billion-dollar contracts signed with customers.
Future Projections
Oracle foresees substantial growth in Cloud Infrastructure revenue, with expectations to reach $144 billion over the next five years.
- Oracle achieved remarkable growth in its cloud revenue, indicating a strong demand for its cloud services.
- The company's strategic focus on MultiCloud database revenue from major players like Amazon, Google, and Microsoft led to exponential growth in Q1.
- Introduction of the 'Oracle AI Database' is set to revolutionize cloud services, enhancing accessibility to advanced AI reasoning models for database customers.
Oracle's stellar performance in Q1 reflects its continued innovation and strategic partnerships in the cloud industry. The company's positive earnings outlook and ambitious growth projections signal a promising future ahead.