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Tuesday, 1 July 2025
Markets

Oracle stock jumps after $30 billion annual cloud deal

Oracle stock jumps after  billion annual cloud deal

Oracle CEO Safra Catz spoke at the FII priority summit at Miami Beach, Florida on February 20, 2025.

Joe Redal | Getty images

Oracle Recently, the shares showed a cloud deal after the filing, with a cloud deal of over $ 30 billion annually.

According to the filing with the Securities and Exchange Commission, CEO Safra Catz is expected to share the deal news at the company’s meeting on Monday. Revenue is expected to begin in the financial year of 2028.

According to the filing, Katz said, “Oracle has left for a strong start in FY 26.” “Our multicood database revenue continues to grow by more than 100%, and we signed compromises of several large cloud services, one of which is expected to contribute more than $ 30 billion to several revenue, including one, which begins in FY 28.”

Deal Catz hopes to reveal on Monday that according to the filing, 2026 will not affect the company’s 2026 guidance.

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