- Oracle’s CEO Safra Kitz has confirmed a new, mystery cloud agreement worth $ 30 billion
- Last year’s total cloud income was $ 24.4 billion, so it’s a huge increase
- Oracle says it will soon spend on infrastructure
Oracle has signed a mystery cloud agreement worth more than 30 billion annually, which will be more effectively more than the company’s current cloud revenue.
CEO Safra Kitz explained that the company has achieved a “strong start” this fiscal year, which has already signed several major cloud contracts.
However, these contracts have a case of contract, according to a new SEC filing, it is said that “more than $ 30 billion” is worth, in which it is speculated on whom the deal may be with.
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Oracle’s huge mystery cloud contract
Although the deal was signed in the company’s 2026 fiscal year, it will not be implemented by 2028 – it is unclear whether more details can be shared before.
The most common suggestions for partners include Openi, which is working with Oracle with the project stargate, timo, which recently became Oracle Customers, and Tactic, which uses Oracle Cloud in the United States.
Nevertheless, Billion is a big news of $ 30 billion in additional annual revenue for Oracle. As of the financial year 2025, Oracle’s total cloud revenue was only .44.4 billion – which is less than this single mystery agreement. Total company revenue increased by 8 % year to $ 57.4 billion.
In other news, Oracle has also confirmed projects to build $ 40 billion worth of AI data center campus near Dallas for the project star gate, which has provided 400,000 NVIDIA GB200 GPUs for the project. The company also plans to spend up to $ 500 billion in infrastructure by 2029 to meet the demand.
However, while the $ 30 billion contract will provide some stability for Oracle, capital costs increased from $ 7 billion to $ 21 billion in just one year.
Looking forward, Oracle has predicted 70 % of cloud infrastructure revenue by the end of this financial year, with the company’s revenue reached $ 104 billion, according to an estimated 2029.
Tikadar Pro Oracle has been asked for more information about the deal, but we do not expect to get a response.
