Oracle has signed a game-changing $30B annual cloud deal set to kick in by FY2028. With booming cloud growth, major AI ventures like Stargate, and a massive $138B sales backlog, Oracle is quickly emerging as a top player in the cloud and AI infrastructure space.

An Austin tech giant is set up for a positive financial performance after scoring a deal worth tens of billions. Oracle said it signed several cloud service agreements, including one expected to contribute a massive sum, in a filing with the Securities and Exchange Commission on Monday.

Oracle Corp. signed a cloud services deal that it expects to contribute more than $30 billion in annual revenue starting in the fiscal year 2028.The contract was revealed in a regulatory filing Monday and didn’t name the customer.