Pell, now 77 but 55 at the time, had just been named the most senior Catholic in Melbourne.
The jury also found Pell guilty of indecently assaulting one of the boys in a corridor more than a month later.
He faces a potential maximum 50-year prison term after a sentencing hearing that begins tomorrow. He has foreshadowed an appeal.
Pell had maintained his innocence throughout, describing the accusations as "vile and disgusting conduct" that went against everything he believed in.
His lawyer Robert Richter had told the jury that only a "mad man" would take the risk of abusing boys in such a public place. He said it was "laughable" that Pell would have been able to force the victim into oral sex, given the cumbersome robes he was wearing.
Both he and Chief Judge Peter Kidd urged the jury of eight men and four women not to punish Pell for all the failings of the Catholic Church.
"You must not scapegoat Cardinal Pell," Kidd told the jury.
Pell, who walked to and from court throughout his monthlong trial with a crutch under his right arm, was released on bail to undergo surgical knee replacements in Sydney on December 14. Prosecutor Mark Gibson did not oppose bail, saying the surgery would be more easily managed outside the prison system.
Kidd warned that the continuing bail was not a sign that the 77-year-old would avoid a prison sentence.
- AP