Last Updated:
First Published:
An upbeat second-quarter earnings report from Oracle wasn’t enough to shake off the artificial-intelligence jitters that have crept into the stock.
Oracle
ORCL cleared the bar set by Wall Street on the most anticipated metric: remaining performance obligations, or the value of future contracts that have yet to be recognized as revenue. The software and cloud-computing company’s RPO was $523 billion for the December quarter, blowing past FactSet analyst consensus estimates of $502 billion and marking a 438% year-over-year increase in U.S. dollars.
