Oracle Corporation, the cloud technology company that has to yield in the local stock market, reached a value of almost US $ 1 billion on Wall Street.
The actions of Oracle Corporationthe American cloud technology company, a 35 shoot% in Wall Street After advances in the field of artificial intelligence (AI). For this reason, His yield also grew strongly in pesos and dollars.
Promptly, The company won almost US $ 300,000 million in the dayso stock capitalization reached US $ 913,000 million. In this way, its majority founder and shareholder Larry Ellison He enjoyed an increase in his fortune of US $ 100,000 million and consecrated himself as the richest man in the worldeven surpassing Elon Musk.
Saying with more potential
The huge leap of the company was given after Sofra Catz, executive director, announced that the Oracle Cloud Infrastructure income 77% would grow up to US $ 18,000 million for this year, then up to US $ 32,000 million, then up to US $ 73,000 million, then up to US $ 114,000 million and finally until U $ S144,000 million.
The rebound of Oracle’s actions occurred despite the fact that the company presented quarterly results below expected.
In the first quarter of his fiscal year 2026, The software giant reported revenues for US $ 14.9 billionjust below US $ 15,000 million projected by analysts. The earnings adjusted per share were US $ 1,47, also slightly lower than US $ s.48 estimated by the market.
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Wall Street celebrates the company’s solidity
The improvement in the price was based on the solid future income perspectivedriven by the growth of the remaining performance obligation (RPO), an indicator that reflects the total value of contractual income committed to being delivered in the future.
“In the first quarter we signed four billionaire contracts with three different clients,” said Catz. As detailed, this led to the Oracle contract portfolio to shoot 359%, reaching US $ 455,000 million. In addition, he anticipated that the company expects to add more large -scale customers in the coming months, which could lead the RPO to exceed half a billion dollars.
Catz also stressed that The company closed relevant agreements in the cloud computing segmentparticularly with key actors of the artificial intelligence ecosystem. “We signed strategic contracts with Openai, XAI, Meta and other leading companies in AI,” he said at the conference with investors after the publication of the results.
Source: Ambito
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