"...its chief executive touted the tech giant's recent success in landing cloud services agreements, including one that will reach more than $30 billion in revenue by 2028
Oracle Chief Executive Safra Catz said in a regulatory filing early Monday that... we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in fiscal year 2028,"
v5v3 · 2h ago
So the $30bn annual revenue (not profit) deal starts sometime after April 2028.
Which sounds like it may be for the new Oracle/SoftBank/OpenAi datacentre that is being opened?
yvoniz · 2h ago
The mystery customer goes to a different school...thats why we haven't heard of them
jsnell · 1h ago
You seem to be either implying the deal doesn't actually exist, or that it is with some entity that won't actually be able to meet the commitment.
The former would be outright fraud.
The latter would be a really bad idea on Oracle's side; being able to actually serve that contract will require a huge amount of capex spenditure, and that spending needs to start pretty much right now. They're not taking the liability of that build-out without having confidence in the customer actually paying in three years.
https://www.msn.com/en-us/money/topstocks/oracle-stock-jumps...
"...its chief executive touted the tech giant's recent success in landing cloud services agreements, including one that will reach more than $30 billion in revenue by 2028
Oracle Chief Executive Safra Catz said in a regulatory filing early Monday that... we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in fiscal year 2028,"
Which sounds like it may be for the new Oracle/SoftBank/OpenAi datacentre that is being opened?
The former would be outright fraud.
The latter would be a really bad idea on Oracle's side; being able to actually serve that contract will require a huge amount of capex spenditure, and that spending needs to start pretty much right now. They're not taking the liability of that build-out without having confidence in the customer actually paying in three years.
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