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Oracle shares rise as AI cloud backlog beats estimates

Sept 11 (Reuters) - Oracle shares ⁠rose 5.5% premarket on Friday after the cloud computing ⁠and software company's stronger-than-expected quarterly results eased concerns around ‌its massive debt-driven spending spree.

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由于人工智能云积压订单超出预期,甲骨文股价上涨

FILE PHOTO: Oracle logo is seen in this illustration created on September 9, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Sept 11 (Reuters) - Oracle shares ⁠rose 5.5% premarket on Friday after the cloud computing ⁠and software company's stronger-than-expected quarterly results eased concerns around ‌its massive debt-driven spending spree.

The Austin, Texas-based firm booked more than $30 billion of additional AI cloud contracts in the first fiscal quarter, boosting its revenue backlog ​to $664 billion, above analyst estimates of $639.89 billion, ⁠according to data from ⁠Visible Alpha.

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