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Oracle Beats Estimates as Q4 Cloud Revenue Jumps 47% to $9.9B

2026-06-11 01:48:56

Oracle announced on June 10 that fourth-quarter revenue rose 21% year-over-year to $19.2 billion, with net income up 23% to $4.2 billion, beating analyst expectations. Cloud revenue surged 47% to $9.9 billion, with large-scale AI deals driving the growth. Remaining performance obligations (RPO), which represents contracted revenue not yet delivered, reached a record $638 billion, up from $553 billion in the prior quarter, reflecting expanded commitments from enterprise customers.

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