Oracle's Q3 cloud infrastructure revenue surged 84% year over year, accelerating materially. Remaining performance obligations climbed to $553 billion, signaling a very large contracted backlog and strong revenue visibility. The results point to robust demand for Oracle Cloud Infrastructure and are likely positive for near- to medium-term top-line growth.
Oracle's Q3 cloud infrastructure revenue surged 84% year over year, accelerating materially. Remaining performance obligations climbed to $553 billion, signaling a very large contracted backlog and strong revenue visibility. The results point to robust demand for Oracle Cloud Infrastructure and are likely positive for near- to medium-term top-line growth.
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strongly positive
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0.75
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