OpenAI has confirmed a $30 billion annual deal with Oracle for data centre services, marking a significant expansion in its infrastructure capacity.

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.

Oracle shares surged to an all-time high Monday as CEO Safra Catz touted a “strong start” to fiscal 2026 for the tech giant, with several new cloud deals.

Austin tech company announces new cloud deal worth $30 billion a year Oracle's new cloud service agreement is expected to contribute hefty revenue starting in fiscal year 2028.

This price surge follows Oracle’s 8-K filing on Monday, which unveiled the company’s cloud service agreement worth more than $30 billion scheduled for FY28.

The company said the deal is expected to bring in more than $30 billion in annual revenue starting in fiscal 2028.

Oracle differentiates from its competition by offering customers a unique and flexible cloud infrastructure service. Per recent filings, the company just signed a new cloud deal for $30 billion in ...

Oracle's cloud deals worth $30Billion could make it a leading player in hyperscale cloud. Analysts see long-term growth potential and strong AI position.