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CLAIM #47321 · ORCL (ORCL) · 2024Q3 earnings call · Mar 11, 2024 · due Aug 31, 2024

So demand is not slowing down, it's actually increasing quite a bit.

Lawrence Ellison · Chairman and CTO

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versus commitment · official band 5 percent
Committed
So demand is not slowing down, it's actually increasing quite a bit.
Reported
demand continued to outstrip supply.

In context

or that technology company or that telecom company. So they are building their own data centers which are - those are Oracle cloud data centers, they are that - yes, they're all identical. So we're able to automate and run those with not a lot of additional labor costs. It's a huge advantage for us. John DiFucci: Well, thank you, Larry, and Safra. Listen, what you put up this quarter in Infrastructure as a Service, it just looks pretty impressive. But it sounds like there's a lot more to come. Thank you for taking my question. Larry Ellison: John, my last comment will be - would be the growth in RPO is what's to come. And RPO is obviously growing faster than revenue because we can't meet the demand. That's the measure of demand, the $80 billion RPO is quite a - an acceleration of demand. So demand is not slowing down, it's actually increasing quite a bit. John DiFucci: Well, there were lot of questions on that last quarter, and I guess there won't be any on this one. Thank you. Ken Bond: Thank you, John. Next question, please. Operator: Your next question comes from the line of Raimo Lenschow from Barclays. Please go ahead. Raimo Lenschow: Hi, thank you, and congrats from me as well. I wanted to talk a little bit about Cerner. In the announcements, you talked about that most of Cerner now it's - is running out of your OCI. Well, first of all, let a very quick turnaround here, so well done. What's kind of the implications for that both from running efficiency but also innovation on the platform? Thank you. Larry Ellison: Well, two things. One is we save a huge amount of money moving them into our standard data center. Our OCI costs are much

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SEC filings for ORCL · Claim quote is verbatim from the 2024Q3 earnings call.