Oracle: backlog jumps to $455 billion, OCI targets $144 billion in 2030

2025-09-09 · Publisher : Oracle · Domain : Cloud & DevOps

In its fiscal 2026 Q1 results, Oracle reports $455 billion of remaining performance obligations, up 359%. It targets $18 billion of cloud infrastructure revenue this year, then $144 billion in four years.

### Background On 9 September 2025, Oracle publishes its fiscal 2026 first-quarter results. Remaining performance obligations (RPO, the contractual backlog) jump 359% year on year to $455 billion. Safra Catz, chief executive, explains that the company signed four multi-billion-dollar contracts with three customers, and expects RPO to exceed $500 billion in the following months. ### Key facts - RPO: $455 billion (+359%); total quarterly revenue: $14.9 billion (+12%); cloud revenue (IaaS and SaaS): $7.2 billion (+28%). - Cloud infrastructure (IaaS): $3.3 billion, up 55%. - Announced trajectory for Oracle Cloud Infrastructure revenue: +77% to $18 billion for the current fiscal year, then $32, $73, $114 and $144 billion over the following four years (management forecast). - Larry Ellison, chief technology officer, says revenue from Oracle databases hosted at Amazon, Google and Microsoft grew 1,529% in the quarter, and announces 37 more datacenters at these partners, for a total of 71. - Follow-up: on 10 June 2026, Oracle reports $18.1 billion of cloud infrastructure revenue for fiscal 2026 (+77%) and an RPO of $638 billion. ### Why it matters A $455 billion backlog, largely tied to large AI contracts, places Oracle among the infrastructure cloud players, but with concentration on a few customers and a very high investment need. For CIOs, it is a signal of tension on AI computing capacity more than on general-purpose cloud. ### Takeaway Oracle changes scale: its cloud backlog exceeds $450 billion in a single quarter.

Tags : Oracle, Hyperscaler, Cloud, IA, Multi-cloud