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Story summary
- Oracle reported FY2026 revenue of $67.4 billion and $638 billion of booked recurring revenue.
- Cloud infrastructure revenue jumped 77% to $18.1 billion, driven by AI demand.
- CFO Hilary Maxson said the RPO level gives strong revenue visibility.
- Morgan Stanley raised Oracle’s price target, and the stock rose 5% to $167.15.
- Oracle plans to raise $40 billion in FY2027 debt and equity while projecting FY2027 revenue above $90 billion.
