Oracle stock jumps after $30 billion annual cloud deal revealed in filing

Oracle shares jumped after a recent filing showed a cloud deal that would add over $30 billion annually starting in the fiscal 2028 year.
CEO Safra Catz is slated to share the deal news at a company meeting.
Oracle shares have jumped more than 33% this year, benefiting from cloud growth and the rise of artificial intelligence models.

Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025.

Joe Raedle | Getty Images

Oracle shares jumped more than 5% after a recent filing showed a cloud deal that would add over $30 billion annually.

CEO Safra Catz is slated to share the deal news at a company meeting Monday, according to a filing with the Securities and Exchange Commission. The revenues are expected to start hitting in the 2028 fiscal year.

“Oracle is off to a strong start in FY26,” Catz is expected to say, according to the filing. “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.”

The deals revealed Monday by Catz will not affect the company’s 2026 guidance, according to the filing.