In TrendsSensex TodaySteamhouse India IPO GMPGold and Silver PricesBRICS SummitBank Strike TodayOracle tops estimates as AI demand tempers cash-burn fearsOracle beat Q1 estimates, reporting $19.3B revenue and $1.92 EPS. AI investments boosted backlog to $664B, easing cash burn concerns.By Reuters September 11, 2026, 9:21:35 AM IST (Published)Oracle topped Wall Street estimates for quarterly results on Thursday and reported a smaller cash burn than expected, offering investors confidence that its AI investments were generating returns without squeezing its balance sheet.Shares of the company, which have slumped more than 21% this year, rose 4% in extended trading after Oracle reported a jump in revenue backlog, a key metric on future revenue growth prospects.Oracle is benefiting from strong demand for its cloud computing services from surging enterprise spending on AI. Its efforts to expand its data center footprint are helping the company secure more enterprise contracts.BACKLOG SURGE SIGNALS STRONG AI DEMANDIn the first fiscal quarter, Oracle booked more than $30 billion of additional AI cloud contracts, boosting its revenue backlog to $664 billion. That topped analysts' estimate of $639.89 billion, according to data from Visible Alpha.But more importantly, Oracle said that most of the newly contracted revenue will not require large cash outlays…
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