Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%

Wait 5 sec.

The company's remaining performance obligations, or RPO, the most popular measure of booked revenue, jumped 359% to $455 billion in the first quarter, ended August 31. Over the next few months, we expect to sign-up several additional multi-billion-dollar customers and RPO is likely to exceed half-a-trillion dollars, CEO Safra Catz said.