As a result, Oracle Corporation’s stock spiked more than 5% to an all-time high. That spike came after the company disclosed a huge, multiyear cloud deal in a recent filing with the Securities and Exchange Commission. The filing described a net increase of more than $30 billion in annual revenue, starting in fiscal year 2028. This announcement, in addition to the company’s long-term strategic direction, has stirred investor bullishness over Oracle’s future growth path.
Oracle CEO Safra Catz to delve deeper into the implementation of a nine-figure cloud services master agreement as Oracle prepares for the annual meeting on Monday. This announcement will help lead an expected $350 million revenue increase. This announcement marks an important inflection point for Oracle. For one, the company is making a serious push into the cloud computing space.
Oracle’s cloud division, and especially their revenue from their MultiCloud database (which is growing at more than 100%), has been on fire. Catz noted the importance of the new agreement, stating, “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.”
This acquisition strengthens Oracle’s position in the cloud space. Additionally, it allows the company to better position itself to take on larger competitors like the big five in the banking space. Meanwhile, the company’s share price is absolutely soaring. This rally is a testament both to the investor excitement for what’s ahead for the company and the new agreement’s boost to the company’s overall business.
For her part, Catz emphasized that Oracle is “off to a very strong start in FY26.” She reinforced the positive company momentum and deep commitment to leading the industry in cloud technology innovation. Many stakeholders will be watching closely as the deepening company continues through their first company meeting. They’re looking to explore the details of the deal and what it means for Oracle’s guidance.