Oracle’s shares surged 4% to an all-time high after revealing a cloud deal worth over $30 billion annually, set to start in the fiscal year 2028. CEO Safra Catz is expected to share the news at a company meeting on Monday. According to a Securities and Exchange Commission filing, the deals will not affect the company’s 2026 guidance.
The announcement comes as Oracle has seen significant growth this year, with shares jumping over 33%. The company’s cloud business continues to expand, driven by artificial intelligence (AI) models and large-scale agreements. Catz is expected to say that Oracle “is off to a strong start in FY26” as the company’s MultiCloud database revenue grows at over 100%.
The news follows recent AI deals, including a joint venture with OpenAI and SoftBank, and an announcement of new partnerships with IBM and others. These agreements are expected to bolster Oracle’s AI infrastructure and contribute to its growth prospects.
Source: https://www.cnbc.com/2025/06/30/oracle-orcl-stock-cloud-deal.html