Oracle boosted its revenue backlog total by $30 billion during the February quarter.

Oracle boosted its revenue backlog total by $30 billion during the February quarter.

Free cash flow at the enterprise software giant has tumbled over the past year as the company races to spend $50 billion on AI.

For the most part, Wall Street analysts stood by their bullish stances on Oracle following an earnings beat.

CEO Clayton Magouyrk said on the earnings call that the 'bring-your-own-hardware' model has been working and the company will not incur any more debt in 2026.