Summary:
- An unnamed customer has committed to spending over $30 billion annually on Oracle’s cloud services from the 2028 financial year, marking one of the largest cloud deals in history.
- Oracle’s cloud revenues are already on the rise, with the company reporting significant growth in multi-cloud database revenue and securing multiple large cloud service agreements, including partnerships with companies like Temu and IBM.
- Oracle’s strategy of investing in multi-cloud infrastructure and GPUs has proven successful, with the company’s willingness to work with rival hyperscalers leading to substantial growth and profitability.
Oracle has recently announced a groundbreaking cloud deal, with an unnamed customer committing to spend over $30 billion annually on its services from the 2028 financial year. This deal, which accounts for half of Oracle’s revenue from 2025, has sparked speculation in the tech industry.
Despite the lack of details on the client’s identity, Oracle’s CEO Safra Catz expressed optimism about the company’s performance in the fiscal year 2026. The company’s multi-cloud database revenue is growing rapidly, with Catz highlighting the signing of multiple large cloud service agreements, including the $30 billion deal set to commence in 2028.
Oracle’s cloud revenues have been on an upward trajectory, with the company reporting $57.4 billion in revenue for FY 2025, including significant contributions from cloud services. Recent partnerships with companies like Temu and IBM have further bolstered Oracle’s position in the cloud market.
Oracle’s strategy of investing in multi-cloud infrastructure and GPUs has paid off, with the company’s multi-cloud data centers experiencing triple-digit growth. The success of this approach, coupled with the mega-deal with the unnamed customer, highlights Oracle’s position as a key player in the cloud services industry.
