Oracle (ORCL.N) will report FY2027 Q1 after US close Thursday. Street ests:
revenue $19.1bn (+28% YoY), adjusted EPS $1.75. Company guidance: total revenue
+27–29%, total cloud revenue +58–64%, non‑GAAP EPS $1.72–1.76. FY2026
highlights: cloud revenue +39% to $34bn; cloud infrastructure revenue +77% to
$18.1bn; Q4 OCI revenue +93% to $5.8bn. Remaining performance obligations (RPO)
reached $638bn at end‑Q4, up $85bn QoQ and +363% YoY; much of the increase stems
from large AI contracts. Market takeaway: the backlog signals substantial demand
for Oracle infrastructure but conversion depends on data‑center capacity, capex
and deployment timing. Key items for traders: management commentary on timing
and capacity, capex and financing needs, pace of backlog conversion to revenue
and cash flow, and sustainability of cloud/AI revenue growth.
