Oracle Inks Cloud Deal Worth $30 Billion a Year (yahoo.com) 13
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 is off to a strong start" in its fiscal year 2026, Chief Executive Officer Safra Catz said in the filing. The company has signed "multiple large cloud services agreements," she said, adding that revenue from Oracle's namesake database that runs on other clouds continues to grow more than 100%.
The $30-billion deal ranks among the largest cloud contracts on record. 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. That award was a shift after an earlier contract worth $10 billion was awarded to Microsoft and was contested in court.
The $30-billion deal ranks among the largest cloud contracts on record. 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. That award was a shift after an earlier contract worth $10 billion was awarded to Microsoft and was contested in court.
With whom? (Score:3)
The article doesnâ(TM)t say. And not many organizations have 30 billion per year to spend.
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Bingo. If you’re curious who’s running the country just take a peek at this photo. https://www.ft.com/content/f8a... [ft.com]
Re:With whom? (Score:4, Interesting)
Re: With whom? (Score:3)
Maybe itâ(TM)s related to the TikTok deal the administration promisedâ¦thereâ(TM)s talk that a âdeal is in the works, but again Tik Tok was supposed to be shut off
January 19, 2025, then April, June 19, now September 17.
It's got to be some Gov contract via TrumpCo (Score:2)
I know that's supposed to be impossible to do that without it being public, but I wouldn't be surprised if they Yadayada unallocate redirect DOGE contract something something
Another school (Score:2)
You don't know my customer, she goes to another school.