Larry Ellison moved a lot closer to being the world's richest man on Tuesday after Oracle saw a huge leap in its stock price, the largest single day's improvement in decades, thanks to a pipeline stuffed full of big deals.

Big Red released financial results that analysts viewed as fairly normal for the first quarter of the 2026 fiscal year. Profits were flat at $2.93 billion for the quarter and its earnings per share were lower than the same quarter last year.

But what's sent the stock price skyrocketing nearly 30 percent after normal trading hours on Tuesday is anticipated future earnings. CEO Safra Catz has reported that the company is due $455 billion in remaining performance obligations (RPOs) - customer contracts signed but not yet paid for - and she predicted that metric will rise

See Full Page