With extinction event predicted, Big Red's four-year forecasts will have to meet reality
An industry adage has it that Oracle's calculator only has a plus button, which is reassuring for investors.
Yesterday, they were effusive with praise for Big Red over projected revenues as its share price soared more than 27 percent, and CTO and co-founder Larry Ellison was positioned to overtake Elon Musk as the world's richest person. But something doesn't add up.
The analyst excitement – "this is a career event happening right now, it's just amazing," one said – is based on anticipated future earnings from remaining performance obligations (RPOs) in the first quarter of its 2026 fiscal year. These are contracts signed but not yet paid for. Oracle said the figure had risen to $455 billion.
"This is up 359 percent from last year and up $317 billion from the end of Q4 [2025]," said Safra Catz, Oracle CEO.
...read more at theregister.com
pull down to refresh
related posts
I think Larry Ellison has a good understanding of the way AI will influence the world.
Sounds like a total exaggeration to me. But hey, who knows?
Oracle’s been a giant for a while, I never had any either. Gotta say though, it was showing bullish signs when it broke past 200 bucks.
More AI cash to spend I guess
Analysts swooning, Ellison crowning himself richest, but yeah, let's see Q2 when the bill comes due. Oracle: from database dinosaur to AI phoenix? Fingers crossed.