Overview
- An SEC filing on June 30 revealed a single cloud services contract expected to generate more than $30 billion in annual revenue beginning in fiscal 2028.
- Despite adding the new agreements to its backlog, Oracle confirmed that its fiscal 2026 guidance remains unchanged.
- Oracle’s MultiCloud database revenue is expanding at over 100 percent year-over-year as it deploys its technology across rival hyperscaler datacenters.
- Shares rose over 5 percent after the disclosure, driving Oracle stock to its highest closing price on record.
- The customer behind the unprecedented deal remains unnamed, making it one of the largest standalone cloud contracts disclosed to date.