Oracle signs cloud deal worth $30 billion annually from FY28
Oracle has signed a cloud-services deal estimated to generate over $30 billion in annual revenue starting in FY28. Earlier this year, the company announced Stargate project with SoftBank and OpenAI, aiming to invest at least $500 billion over the next four years in expanding AI infrastructure and delivering large-scale computing power. Oracle posted a revenue of $57.4 billion in FY25.