Get the latest tech news
Oracle Inks Cloud Deal Worth $30 Billion a Year
Oracle has signed a landmark $30 billion annual cloud deal -- nearly triple the size of its current cloud infrastructure business -- with revenue expected to begin in fiscal year 2028. The deal was disclosed in a regulatory filing Monday without the customer being named. Bloomberg reports: "Oracle ...
Bloomberg reports:"Oracle is off to a strong start" in its fiscal year 2026, Chief Executive Officer Safra Catz said in the filing. That revenue alone would represent nearly three times the size of Oracle's current infrastructure business, which totaled $10.3 billion over the past four quarters. A major cloud contract awarded in 2022 from the US Defense Department, that runs through 2028 and could be worth as much as $9 billion, is split among four companies, including Oracle.
Or read this on Slashdot