Oracle Corp.

Strong Booking Growth: Oracle reported a record $48 billion in bookings for the quarter, significantly increasing its remaining performance obligations (RPO) to $130 billion, representing a 63% year-over-year growth. This increase does not include contracts from the major Stargate project, indicating strong underlying demand.

Revenue and Cloud Performance: Total cloud revenue for Q3 was up 25% year-over-year to $6.2 billion, with SaaS revenue growing 10% and IaaS revenue surging 51%. Oracle's cloud infrastructure (OCI) consumption revenue increased by 57%, reflecting exceptional demand driven by AI training and inferencing.

AI Initiatives and Product Expansion: Oracle is advancing its AI capabilities with new products like the AI data platform, which simplifies integrating existing databases with AI models. This positions Oracle as a crucial resource for enterprises looking to leverage their data using AI, creating a significant growth opportunity in AI inferencing.