Oracle’s stock has soared 79% this year, up 39% in one day after announcing its first-quarter results. Revenue of $14.9 billion was slightly below expectations, but the company’s cloud infrastructure unit is expected to surge 77% to $18 billion. The backlog of business saw a 359% jump, with $455 billion in expected future revenue. CEO Safra Katz expects more multibillion-dollar customers, as revenue from Microsoft, Alphabet, and Amazon has soared over 1,500%. Founder Larry Ellison’s net worth has risen by $90 billion to over $380 billion, making Oracle a golden stock for investors.

Read more at Nasdaq: Why Are Shares of Oracle Soaring?