Oracle reports: whether new remaining performance obligations keep arriving prepaid or with the customer's own hardware, the condition for a capex peak in fiscal 2027 and 2028.

results reported => read the print

Funded, not forecast Demand is contracted, prepaid or oversubscribed and supply is the constraint, so converting orders is a matter of shipping.
A backlog is a promise Reported backlog overstates assured revenue: customers can exit, out-year buyers may lack the capital, and terms stretch to a year.

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