US Edition
Oracle stock jumps after $30 billion annual cloud deal revealed in filing
- Oracle's CEO Safra Catz confirmed a new cloud contract worth over $30 billion, which led investors to speculate about its customer.
- Oracle anticipates a cloud infrastructure revenue growth of 70% by fiscal year-end, projecting revenues of $104 billion by fiscal 2029.
- The new customer will more than double the size of Oracle's current cloud business, significantly boosting annual revenues.
- Catz mentioned that the company started this fiscal year strong with multiple large cloud agreements already signed.
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41 Articles
41 Articles
All
Left
3
Center
7
Right
2
Coverage Details
Total News Sources41
Leaning Left3Leaning Right2Center7Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 25%
C 58%
R 17%
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