Safra Catz

“We expect Oracle Cloud Infrastructure revenue to grow 77% to $18 billion this fiscal year—and then increase to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four years.”

Safra CatzCEO

CEO, Oracle Corporation

The FY2026 waypoint looks roughly on track: quarterly IaaS revenue ran $3.3B, $4.1B and $4.9B in Q1–Q3 FY26, with Q1 FY27 IaaS up 121% year-over-year. The $144 billion FY2030 figure resolves in May 2030.

“Over the next few months, we expect to sign-up several additional multi-billion-dollar customers and RPO is likely to exceed half-a-trillion dollars.”

Safra CatzCEO

CEO, Oracle Corporation

Remaining performance obligations were $455 billion when Catz spoke; one quarter later, on December 10, 2025, Oracle reported Q2 FY26 RPO of $523 billion, up 438% year-over-year — above half a trillion dollars and well inside the stated window. RPO reached $638 billion by Q4 FY26.