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8h ago

Oracle Secures $30 Billion-a-Year Cloud Deal, Shares Rally to Record High

Revenue from the agreement will start in fiscal 2028 under terms that leave Oracle’s fiscal 2026 outlook unchanged.

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Overview

  • Oracle disclosed in an SEC filing that CEO Safra Catz signed a single cloud agreement projected to deliver over $30 billion annually from fiscal 2028.
  • The contract alone is nearly three times the size of Oracle’s current cloud infrastructure revenue, which totaled roughly $10.3 billion over the past four quarters.
  • Shares climbed more than 5% to intraday record highs after the filing was made public.
  • Oracle did not reveal the customer’s identity in the regulatory filing.
  • The unnamed customer deal underscores Oracle’s two-year push into multi-cloud database growth and its expanded AI partnerships and data center investments.