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

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