Oracle Q3 results miss estimates, but order book jumps on record demand

Investing.com -- Oracle reported Monday fiscal third-quarter results that fell short of Wall Street estimates, but its order book surged amid record demand.  

Oracle Corporation (NYSE:ORCL) rose 5% in afterhours trading following the report.

For the three months ended Feb. 28, Oracle reported adjusted EPS of $1.47 on revenue of $14.13B, missing Wall Street expectations of $1.49 and $14.39B, respectively. 

Remaining performance obligations (RPO), a gauge of booked revenue, climbed by 62% to $130B.

"We are on schedule to double our data center capacity this calendar year," said Oracle Chairman and CTO, Larry Ellison. "Customer demand is at record levels.