Oracle Earnings: Strong Booking Dynamics Lead the Way for Future Cloud Revenue Growth

Key Morningstar Metrics for Oracle

What We Thought of Oracle’s Earnings

Oracle ORCL reported third-quarter results slightly below our expectations. Total revenue rose by 8% in constant currency to $14.1 billion, maintaining a stable growth trend similar to previous quarters. However, Oracle’s remaining performance obligations jumped to $130 billion in the quarter. The $33 billion net RPO addition is the largest in the company’s history, doubling total RPO…