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In focus for $ORCL: Oracle's quarterly results came in stronger than expected, as did the company's revenue backlog, and cloud infrastructure revenue more than doubled in the period.
The next marker is formal guidance and the cloud infrastructure growth rate when Oracle next reports. The numbers and what they add up to A simultaneous beat on current results and forward backlog is not a routine print.
The results figure tells you the quarter that just closed ran ahead of consensus.
The backlog figure tells you something about the quarters that follow: customer commitments are accumulating faster than the market had assumed.
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