# Oracle Corporation remains a Buy as surging cloud AI infrastructure demand drives a record $553B backlog and robust revenue growth.

*business · news · 2026-04-30 · Seeking Alpha*

## Key points

- Oracle's cloud revenue now exceeds 52% of its total revenue base.
- Oracle's cloud infrastructure revenue grew 84% year-over-year, and MultiCloud database revenue rose 531%.
- Oracle has a $553 billion backlog, largely driven by surging demand for cloud AI infrastructure.
- Despite $124.7B in debt, Oracle plans no new bond issuance in 2026 due to pre-funded AI contracts.
- Oracle targets $90B revenue by fiscal 2027 and $144B in cloud infrastructure revenue by 2030.

**Companies:** Oracle Corporation

[Read the full story on Seeking Alpha](https://seekingalpha.com/article/4896509-oracle-market-ignores-553-billion-backlog)

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