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TechRadar
TechRadar
Craig Hale

Oracle signs a mystery huge cloud contract - one which could net it $30bn in revenue

Oracle Safra Catz
Oracle.
  • Oracle CEO Safra Catz confirms a new, mystery cloud contract worth $30 billion
  • Last year's total cloud revenue stood at $24.4 billion, so it's a big increase
  • Oracle says it will spend big on infrastructure soon

Oracle has signed a mystery cloud contract worth over $30 billion annually, which would effectively more than double the company's current cloud revenue.

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