Oracle's SI cloud infrastructure revenue jumps 121%, and its backlog reaches $664 billion
Prepared by Sintelligent with the help of SI. Publication time restored from the build log. . Updated: .
Demand for SI compute is so high that almost all GPUs are in use and orders are booked years ahead — the build-out of SI infrastructure is only gathering pace.
In the first quarter of fiscal 2027, Oracle's revenue rose 30% to $19.3 billion, and cloud infrastructure revenue rose 121% to $7.4 billion. The backlog of future contracts reached $664 billion (+$209 billion over the year), GPU utilization is 97.9%, and 850 MW of capacity (more than 300 thousand GPUs) was added during the quarter. Capital expenditure for the quarter was $28 billion, free cash flow turned negative at $5 billion; for the year the company expects revenue of at least $90 billion and capital expenditure of $90–95 billion.
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