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OpenAI chooses Oracle Cloud Infrastructure, whose stock price surged by over 9% after market hours, and AI engines ignite future growth

王俊杰2017
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According to the Daily Economic News on June 12th, OpenAI has chosen Oracle Cloud Infrastructure to expand the Microsoft Azure AI platform. Oracle and Google Cloud announced the establishment of a partnership, and both sides announced a multilateral cloud partnership.
Oracle's fourth quarter adjusted revenue was $14.29 billion, with analysts expecting $14.57 billion;
In the fourth fiscal quarter, Cloud Infrastructure Revenue (IAAS) was $2 billion, with analysts expecting $1.97 billion, reflecting strong market demand for Oracle's rental computing power and storage services. The company also mentioned in the statement that the total remaining performance obligations in the fourth quarter increased significantly by 44%, reaching $98 billion, far exceeding analysts' expectations of $73.9 billion. The significant growth of this indicator indicates strong potential for future contract sales.
In the fourth fiscal quarter, the cloud revenue (IAAS+SAAS) was $5.3 billion, a 20% increase at a constant exchange rate, with analysts expecting $5.45 billion;
The fourth quarter revenue from cloud applications (SAAS) was $3.3 billion, with analysts expecting $3.39 billion. Oracle's US stock rose 4% after market hours, and the increase subsequently expanded to 9.74%.
Looking ahead, Oracle expects earnings per share to be between $1.31 and $1.35 in the first quarter of fiscal year 2025, with revenue expected to grow by 5% to 7%. This forecast is consistent with analysts' expectations of adjusted earnings per share of $1.32 billion and revenue of $13.39 billion, indicating a revenue growth of 7.6%.
The company's expected revenue growth for the fiscal year 2025 is double-digit, higher than market analysts' expectations, indicating Oracle's confidence in its demand for artificial intelligence cloud services. This positive outlook also drove the company's stock price up 9% in post market trading.
Oracle, a company that started with database software, is actively expanding its cloud infrastructure business to compete with cloud computing giants such as Amazon, Microsoft, and Google. Although the sales of the cloud computing department currently only account for a small portion of the company's total sales, investors generally believe that this is the key to Oracle's future growth.
In terms of the secondary market, Oracle's (ORCL) US stock rose 10.27% after trading, and as of press release, Oracle rose 9.45% after trading.
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