Oracle Corporation's recent major cloud computing transaction is expected to bring in more than $30 billion in annual revenue, and the news caused the company's stock to rise 4% and hit a new all-time high.
According to documents submitted to the U.S. Securities and Exchange Commission (SEC), CEO Safra Catz is expected to officially announce this highly anticipated transaction at the company meeting on Monday. The revenue from this transaction is expected to be reflected in Oracle's financial reports starting from the 2028 fiscal year.
The documents show that Catz is expected to say, "Oracle started the 2026 fiscal year strongly. Our multi-cloud database revenue continues to grow at a rate of over 100%, and we have signed several large cloud service agreements, one of which is expected to contribute more than $3 billion in annual revenue starting from the 2028 fiscal year." Although this new deal is highly anticipated, Catz also pointed out that this transaction will not affect the company's performance expectations for the 2026 fiscal year.
Amid the continued growth of its cloud computing business and the rapid rise of artificial intelligence models, Oracle's stock has risen more than 33% this year. Earlier this month, the company's strong financial results led to its best week since 2001.
In recent months, Oracle has been active in the field of artificial intelligence, announcing a series of important transactions. These include a joint venture with OpenAI and SoftBank called Stargate, aimed at investing billions of dollars to strengthen artificial intelligence infrastructure. In addition, Oracle has been expanding its business in the United Arab Emirates and recently announced a new artificial intelligence partnership with IBM.