By Bob Karr
Publication Date: 2025-12-18 05:39:00
Oracle Corporation (NYSE:ORCL) is one of the The best AI and technology stocks to buy, according to hedge funds. On December 10, the company announced its financial results for the second quarter of 2026. Total remaining performance obligations increased 438% year over year in USD terms to $523 billion. In particular, Oracle Corporation (NYSE:ORCL) highlighted that its RPO increased by $68 billion in the second quarter of 2026, an increase of 15% quarter-on-quarter. This was highlighted by new commitments from Meta, NVIDIA and others.
Oracle Corporation (NYSE:ORCL) total revenue increased 14% in U.S. dollars and 13% in constant currency to $16.1 billion, while cloud revenue increased 34% in U.S. dollars and 33% in constant currency to $8.0 billion.
The increase in cloud and software business revenue in the second quarter of 2026 and the first half of 2026 was primarily due to the growth of cloud revenue as customers purchased its applications and infrastructure technologies and also renewed related cloud sales.
