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Oracle Shares Rally to Record on Unveiling of $30 Billion-a-Year Cloud Deal

By ramping revenue in fiscal 2028 without altering current-year forecasts, the deal underscores Oracle’s MultiCloud database business growing at over 100 percent.

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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.