Oracle had a Q4 blowout, led by backlog growth of 363% to $638 billion

As Oracle’s cloud growth continues to accelerate even as its revenue base expands significantly, the company is also paving the way for continued hypergrowth well into the future by increasing its backlog by an impressive $85 billion in the fourth quarter, with RPO increasing 363% to $638 billion.

In the fourth quarter, cloud revenue rose 47% to $9.9 billion. highlighted by:

• Cloud infrastructure up 93% to $5.8 billion;
• Multicloud AI Database revenue increased 404%, making it Oracle’s “fastest-growing company ever.”
• Cloud application revenue increased 10% to $4.1 billion; And
• “Prepaid and customer-provided hardware portions of our large AI contracts now total $75 billion.” Oracle saidwhich “significantly reduces the amount of capital Oracle must raise to build our AI data centers.”

As noted above, the 47% cloud growth rate in the fourth quarter extends Oracle’s acceleration for fiscal 2026, which ended May 31. The combination of this impressive sales growth plus…