Oracle CFO expects about half of RPO to convert in 36 months
The CFO said new revenue backlog is not expected to affect capex or revenue until FY2028 or later. He maintained the full-year capex forecast at $90B-$95B and said capex spending is expected to be uneven through the year.
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09:27:12 PM UTC
SquawkNews
ORACLE: NOW EXPECTS FY2027 REVENUE OF AT LEAST $90B
Oracle said its new revenue backlog is not expected to affect capital spending or revenue until FY2028 or later. The company maintained its full-year capex forecast at $90B-$95B, and said capex spending is expected to be uneven through the year.