Oracle forecasts cloud revenue growth, expects RPO above $500B, shares jump 28%, boosting demand for low-cost cloud services.

• Oracle projects September quarter revenue rise of 12-14% with strong cloud revenue growth between 32-36% year-on-year.
• CEO Safra Catz highlights multi-billion-dollar customer signups driving Oracle’s remaining performance obligations to exceed half a trillion dollars soon.
• Chairman Larry Ellison says MultiCloud revenue will grow substantially as Oracle expands with 37 new datacenters for hyperscaler partners.