Oracle's remaining performance obligations — the cloud contracts it has signed but not yet delivered — jumped by $209 billion over the past year to close its fiscal 2027 first quarter, ended 31 August 2026, at a record $664 billion in Oracle's contracted cloud backlog
Oracle Corporation reported that its remaining performance obligations (RPO), which represent contracted cloud backlog, reached $664 billion at the end of its fiscal 2027 first quarter on August 31, 2026. This figure increased by $209 billion year-over-year. The company noted that customer demand for AI Cloud Training and Inferencing Services continues to grow faster than supply, with over $30 billion in additional AI cloud contracts booked in Q1.
Verified 2026-09-12
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Oracle's pile of signed cloud work keeps growing, though it must still build the capacity to deliver it.
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