- The CEO of Oracle Safra Catz confirms a new mystery cloud contract worth 30 billion dollars
- Total income from last year’s cloud amounted to $ 24.4 billion, so that’s a sharp increase
- Oracle says he will spend big
Oracle has signed a Mystery Cloud contract worth more than $ 30 billion a year, which would be more than double the current cloud income.
CEO Safra Catz explained that the company had experienced a “strong start” this exercise, after having already signed several major cloud agreements.
However, among these agreements is a mystery contract, according to a new dry file, which was worth “more than $ 30 billion”, investors led to who could be the problem.
The huge Cloud Mystery contract of Oracle
Although the contract was signed during the company 2026 of the company, it will not have come into play before 2028 – it is not clear if other details could be shared before that.
Among the most common suggestions for partners, there is Openai, who works with Oracle on Project Stargate, Temu, who recently became an Oracle client, and Tiktok, who uses Oracle Cloud in the United States.
Nevertheless, $ 30 billion in additional annual income is great news for Oracle. Since the year 2025, the total turnover of Oracle was only $ 24.4 billion – less than this unique mystery contract. The total turnover of the company increased by 8% in annual sliding to 57.4 billion dollars.
In other news, Oracle has also confirmed its intention to build an AI data center campus of $ 40 billion near Dallas for the Stargate project, providing 400,000 GPU Nvidia GB 200 for the project. The company also plans to spend up to $ 500 billion in infrastructure by 2029 to meet demand.
However, although the $ 30 billion contract will assume a certain stability in Oracle, capital expenses have tripled from $ 21 billion to $ 21 billion in just one year.
For the future, Oracle predicts the growth in cloud infrastructure income of 70% by the end of this financial year, the company’s income reaching around $ 104 billion by the 2029 fiscal year.
Techradar Pro Asked Oracle more information on the contract, but we do not expect to get an answer.
