Mumbai, Sept. 10 -- On September 9, Oracle said it expects booked revenue for its Cloud Infrastructure business to exceed half a trillion dollars, driven by rising demand for low-cost cloud services.

"Over the next few months, we expect to sign-up several additional multi-billion-dollar customers and remaining performance obligations (RPO) is likely to exceed half-a-trillion dollars," said CEO Safra Catz. For the September quarter, Oracle sees total revenue to rise to 12-14% and sees cloud revenue growth between 32-36%.

Oracle's shares jumped as much as 28% in post-market trading, the biggest single-session advance since 1999.

Chairman Larry Ellison said the company expects MultiCloud revenue to grow "substantially every quarter for se...