Oracle Reports Strong Q3 FY2025 Results with Record $130 Billion in Backlog

Oracle reported third-quarter fiscal 2025 results with total revenue reaching $14.1 billion, up 6% year-over-year in USD and 8% in constant currency. Cloud revenue rose 23% to $6.2 billion, driven by strong performance in both infrastructure (IaaS) and applications (SaaS). Remaining performance obligations (RPO) surged 62% to $130 billion, reflecting record sales contracts including major deals with OpenAI, Meta, NVIDIA, and AMD.

GAAP earnings per share rose 20% to $1.02, while non-GAAP EPS increased 4% to $1.47. Operating income was $4.4 billion GAAP and $6.2 billion non-GAAP. Oracle's operating cash flow reached $20.7 billion over the last 12 months, with free cash flow at $5.8 billion.

Oracle plans to double its data center capacity this year amid rising demand for AI services, and announced a 25% dividend increase to $0.50 per share. The company highlighted its growing role in AI data infrastructure and forecasted 15% revenue growth for fiscal 2026, supported by its expanding sales backlog and upcoming "Stargate" AI contracts.