$Oracle (ORCL.US)$ today announced fiscal 2025 Q1 results. Total quarterly revenues were up 7% year-over-year in USD, and up 8% in constant currency to $13.3 billion. Cloud services revenues were up 21% year-over-year in USD, and up 22% in constant currency to $5.6 billion. Cloud license and on-premise license revenues were up 7% in USD and up 8% in constant currency to $870 million. Oracle's Q1 results surpassed revenue, profit, and cloud infrastructure expectations, boosted by its "milestone" multi-cloud agreement with Amazon AWS. The optimistic AI demand outlook led to a post-market stock surge of nearly 9%, with soon-to-be-available Oracle database technology across hyperscale clouds.

Financial Result

• Q1 GAAP Earnings per Share up 20% to $1.03, Non-GAAP Earnings per Share up 17% to $1.39

• Q1 Total Revenue $13.3 billion, up 7% in USD and up 8% in constant currency

• Q1 Total Remaining Performance Obligations up 53% to $99 billion

• Q1 Cloud Revenue (IaaS plus SaaS) $5.6 billion, up 21% in USD and up 22% in constant currency

• Q1 Cloud Infrastructure (IaaS) Revenue $2.2 billion, up 45% in USD and up 46% in constant currency

• Q1 Cloud Application (SaaS) Revenue $3.5 billion, up 10% in both USD and constant currency

• Q1 Fusion Cloud ERP (SaaS) Revenue $0.9 billion, up 16% in USD and up 17% in constant currency

• Q1 NetSuite Cloud ERP (SaaS) Revenue $0.9 billion, up 20% in both USD and constant currency

"As Cloud Services became Oracle's largest business, both our operating income and earnings per share growth accelerated," said Oracle CEO, Safra Catz. "Non-GAAP operating income was up 14% in constant currency to $5.7 billion, and non-GAAP EPS was up 18% in constant currency to $1.39 in Q1. RPO was up 53% from last year to a record $99 billion. That strong contract backlog will increase revenue growth throughout FY25. But the biggest news of all was signing a MultiCloud agreement with AWS—including our latest technology Exadata hardware and Version 23ai of our database software—embedded into AWS cloud datacenters. AWS customers will get easy and convenient access to the Oracle database when we go live in December later this year."

"Oracle has 162 cloud datacenters in operation and under construction around the world," said Oracle Chairman and CTO, Larry Ellison. "The largest of these datacenters is 800 megawatts and will contain acres of NVIDIA GPU Clusters for training large scale AI models. In Q1, 42 additional cloud GPU contracts were signed for a total of $3 billion. Our database business growth rate is increasing as a result of our MultiCloud agreements with Microsoft and Google. At the end of Q1, 7 Oracle Cloud regions were live at Microsoft with 24 more being built, and 4 Oracle Cloud regions were live at Google with 14 more being built. Our recently signed AWS contract was a milestone in the MultiCloud Era.  Soon customers will be able use the latest Oracle database technology from within every Hyperscaler's cloud."

The board of directors declared a quarterly cash dividend of $0.40 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on October 10, 2024, with a payment date of October 24, 2024.