Oracle revealed in an SEC filing today that it has secured a massive cloud services agreement expected to generate over $30 billion in annual revenue starting in fiscal year 2028. The disclosure came ahead of a scheduled internal meeting where CEO Safra Catz is set to highlight strong momentum in Oracle’s fiscal year 2026.
Catz noted that Oracle’s MultiCloud database revenue is growing at over 100% year-over-year, a trend driven by increasing adoption of its distributed cloud offerings. While the filing did not disclose the customer name or vertical, the $30 billion figure positions the deal as one of the largest known cloud contracts to date and a major validation of Oracle’s infrastructure and database-as-a-service strategy.
The announcement underscores Oracle’s competitive positioning in the cloud market as it continues to expand partnerships with hyperscalers and integrate AI-ready database services. The deal is expected to have a material impact on Oracle’s long-term financial outlook.
- Oracle projects >$30B/year in revenue from a single cloud deal starting FY28
- MultiCloud database revenue currently growing at 100%+ annually
- Agreement ranks among the largest disclosed cloud contracts to date
- Deal reinforces Oracle’s infrastructure push across MultiCloud environments
- SEC filing released ahead of internal briefing by CEO Safra Catz
“Oracle is off to a strong start in FY26. Our MultiCloud database revenue continues to grow at over 100%, and we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in FY28,” said Safra Catz, CEO of Oracle.