Wall Street Breakfast Oracle surges as future contracts pile up
7 snips
Sep 10, 2025 Oracle sees a remarkable 29% surge in pre-market trading, despite a Q1 miss, thanks to robust remaining performance obligations. Klarna impressively prices its IPO at $40 per share, raising its valuation to $15 billion, a notable contrast to its pandemic heights. The financial landscape reveals challenges for Klarna amid a complex backdrop involving the Federal Reserve, while Tapestry hosts an Investor Day and TaskUs readies for an acquisition vote, showcasing dynamic corporate movements.
AI Snips
Chapters
Transcript
Episode notes
Oracle's RPO Surge Outshines Earnings Miss
- Oracle's remaining performance obligations surged 359% to $455 billion, overshadowing a slight Q1 revenue and EPS miss.
- Management expects RPO to exceed $500 billion as they sign multiple multi-billion dollar contracts in coming months.
Multi-Cloud Database Growth Is Explosive
- Larry Ellison highlighted multi-cloud database revenue from Amazon, Google, and Microsoft grew 1,529% in the period.
- That explosive growth signals strong demand for Oracle's cloud database offerings across major cloud providers.
Klarna IPO Priced Above Range But Below Peak
- Klarna priced its IPO at $40, above its indicated range, valuing the company at $15.1 billion.
- The valuation remains well below Klarna's 2021 peak of over $45 billion despite growth in revenue.