Oracle Stock jumps after the annual cloud deal

Oracle The shares jumped by more than 5 % to the highest level ever after the deposit showed a cloud deal that would add more than $ 30 billion annually.

It is expected that the CEO of Safra Catz will participate in the deal news at the company’s meeting on Monday, according to the submission of a file with the Securities and Exchange Committee. Revenue is expected to start reaching the fiscal year 2028.

“Oracle is expected to be a strong start in the 26th fiscal year”, Katz is expected to say, according to the file. “Our multiple database revenue continues to grow by more than 100 %, and we have signed many large cloud services agreements, including an agreement that is expected to contribute more than $ 30 billion to the annual revenue that begins in the 28th fiscal year.”

Catz deals on Monday will not affect the company’s 2026 guidelines, according to the file.