- The Oracle CEO, Safra Catz, confirms a new mystery contract in the cloud worth $ 30 billion
- Total cloud revenues last year were $ 24.4 billion, so it is a large increase
- Oracle says that he will soon spend on infrastructure
Oracle has signed a mystery contract in the cloud worth more than $ 30 billion annually, which would effectively double the current income of the company’s cloud.
The CEO Safra Catz explained that the company had had a “strong start” this fiscal year, since it has already signed multiple agreements of large clouds.
However, among those agreements there is a mysterious contract, according to a new presentation of the SEC, which is said to be “more than $ 30 billion”, which leads to investors who speculate who the agreement could be.
Oracle’s huge mystery contract in the mystery contract
Although the contract was signed in fiscal year 2026 of the company, it will not enter into play until 2028; It is not clear if more details could be shared before that.
Among the most common suggestions for partners include OpenAi, which is working along with Oracle on Project Stargate, Temu, which recently became a Oracle, and Tiktok client, which uses Oracle Cloud in the United States.
However, $ 30 billion in additional annual revenues are great news for Oracle. As of fiscal year 2025, the total revenues of the Oracle cloud were only $ 24.4 billion, less than this only mystery contract. The total income of the company increased 8% year after year to $ 57.4 billion.
In other news, Oracle has also confirmed the plans to build a Campus of the AI Data Center of $ 40 billion near Dallas for the Stargate project, supplying 400,000 GPU NVIDIA GB200 for the project. The company also plans to spend up to $ 500 billion in infrastructure by 2029 to meet demand.
However, while the $ 30 billion contract will provide some stability for Oracle, capital spending increased triple from $ 7 billion to $ 21 billion in just one year.
Looking towards the future, Oracle predicts a growth in revenue due to cloud infrastructure of 70% at the end of this fiscal year, and the company’s income rises to an estimated $ 104 billion for fiscal year 2029.
Techradar Pro He has asked Oracle with more information about the contract, but we do not expect to obtain an answer.
