REDWOOD CITY, Calif. — Oracle Corp. shares advanced more than 2 percent Tuesday to around 131, extending gains as investors responded positively to the software giant's strong cloud infrastructure performance and massive backlog of future revenue tied to artificial intelligence workloads.

The move comes amid broader market rotations and anticipation of sustained growth in Oracle's core businesses. The company, a longtime leader in enterprise databases, has transformed into a major player in cloud computing, capitalizing on demand for high-performance infrastructure to train and run AI models.

Oracle reported record results for its fiscal fourth quarter and full year 2026, with total revenue reaching 19.2 billion dollars in the quarter, up 21 percent from the prior year. Cloud revenues surged 47 percent to 9.9 billion dollars, driven by a 93 percent jump in infrastructure services.

Remaining performance obligations, a key indicator of contracted future revenue, hit a record 638 billion dollars, up dramatically from the previous year. The backlog reflects large, multiyear commitments from customers scaling AI capabilities.

For the full fiscal year, revenue climbed 17 percent to 67.4 billion dollars. The performance underscores Oracle's successful pivot toward cloud offerings while maintaining strength in traditional software licenses and applications.

Chief Executive Officer Safra Catz and other executives have highlighted the company's ability to deliver capacity for the most demanding AI workloads. Oracle Cloud Infrastructure has secured significant deals with hyperscalers and enterprises seeking alternatives or supplements to dominant providers.

The company guided for continued strong growth in the current fiscal year, projecting revenue around 90 billion dollars. Cloud expansion remains the primary driver, with infrastructure services expected to lead........

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