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@ORCL solid

Remaining performance obligations — contracted future revenue not yet recognized — reached $638 billion at fiscal year-end May 31, 2026, up 363% from $137.8 billion a year earlier, $552.6 billion a quarter earlier. Management calls it exceptional visibility, all supported by long-term contractual customer commitments.

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ORCL / The backlog: $638 billion, up 363%