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Oracle stock jumps after $30 billion annual cloud dealNEW!MenuselectSearch quotes, news & videosMenuOracle stock jumps after $30 billion annual cloud deal revealed in filingPublished Mon, Jun 30 202510:41 AM EDTUpdated Mon, Jun 30 20254:00 PM EDTKey PointsOracle shares jumped after a recent filing showed a cloud deal that would add more than $30 billion annually starting in the fiscal 2028 year.CEO Safra Catz is expected to share the deal news at a company meeting.Oracle shares have jumped more than 33% this year, benefiting from cloud growth and the rise of artificial intelligence models.In this articleFollow your favorite stocksCREATE FREE ACCOUNTOracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025.Joe Raedle | Getty Images shares jumped 4% to an all-time high after a recent filing showed a cloud deal that would add more than $30 billion annually.CEO Safra Catz is expected to share the deal news at a company meeting Monday, according to a filing with the Securities and Exchange Commission. The revenues are expected to start hitting in the 2028 fiscal year."Oracle is off to a strong start in FY26," Catz is expected to say, according to the filing. "Our MultiCloud database revenue continues to grow at over 100%, and we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in FY28."The deals Catz is expected to reveal Monday will not affect the company's 2026 guidance, according to the filing.Read more CNBC tech newsShares have jumped more than 33% this year, benefiting from cloud growth and the rise of models. Earlier this month, the company closed out its following .Oracle has announced a slew of AI deals in recent months, including the with OpenAI and to invest billions in bolstering .The company is also in the United Arab Emirates and announced a with last month.WATCH: watch nowVIDEO3:0903:09Oracle shares hit record highNews TipsGot a confidential news tip? We want to hear from you.CNBC NewslettersSign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.Advertise With Us© 2025 CNBC LLC. All Rights Reserved. , (Bloomberg) -- Oracle Corp. said it has signed a single cloud deal worth $30 billion in annual revenue — more than the current size of its entire cloud infrastructure business.Most Read from , Oracle shares jumped after a recent filing showed a cloud deal that would add more than $30 billion annually starting in the fiscal 2028 year. CEO Safra Catz is expected to share the deal news at .
Oracle shares surged to an all-time high Monday as CEO Safra Catz touted a “strong start” to fiscal 2026 for the tech giant, with several new cloud deals., Oracle’s stock hit a record high of $228 following a blockbuster $30 billion cloud deal linked to rising AI demand. Analysts speculate the unnamed customer may be OpenAI, supported by Oracle’s new role in a major AI training project dubbed Project Stargate. Oracle is now a key partner helping integrate its infrastructure with Microsoft Azure to support massive generative AI workloads. Its , Oracle shares soared to a record high, as the database giant announced a $30bn cloud computing contract worth nearly triple the annual revenue it generates from its fastest-growing division., Oracle has secured a landmark cloud services contract worth over $30 billion annually, signaling a major shift in the AI infrastructure market and validating its high-stakes strategy to compete , Oracle Corp. signed a cloud services deal that it expects to contribute more than $30 billion in annual revenue starting in the fiscal year 2028., .