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Found a link with more info: https://www.msn.com/en-us/money/topstocks/oracle-stock-jumps-as-ceo-touts-new-cloud-deals-analyst-upgrades-to-buy/ar-AA1HHksE http
by v5v3 1y ago
Found a link with more info:
https://www.msn.com/en-us/money/topstocks/oracle-stock-jumps-as-ceo-touts-new-cloud-deals-analyst-upgrades-to-buy/ar-AA1HHksE https://www.msn.com/en-us/money/topstocks/oracle-stock-jumps...
"...its chief executive touted the tech giant's recent success in landing cloud services agreements, including one that will reach more than $30 billion in revenue by 2028
Oracle Chief Executive Safra Catz said in a regulatory filing early Monday that... we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in fiscal year 2028,"
- toomuchtodo 1y agoOpenAI/Stargate https://www.bloomberg.com/news/articles/2025-07-02/oracle-openai-ink-stargate-deal-for-4-5-gigawatts-of-us-data-center-power https://www.bloomberg.com/news/articles/2025-07-02/oracle-op... | https://archive.today/gvMpg https://archive.today/gvMpg
- v5v3 1y agoSo the $30bn annual revenue (not profit) deal starts sometime after April 2028. Which sounds like it may be for the new Oracle/SoftBank/OpenAi datacentre that is being opened?