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Oracle shares rose to a record high when the database giant announced a cloud computing contract of $ 30 billion worth almost three triple revenue from its fastest growing division worth almost three times.
The Tech Group with a value of around 620 billion USD said in a regulatory registration on Monday that it signed a deal that would achieve in 2028 income.
The Oracle shares rose by 4.9 percent in New York at noon, but had previously increased by 8.6 percent to achieve a record high of $ 228.22. The company’s share has so far increased by about a third.
Safra Catz, Managing Director Safra Catz, said that the company had “a strong start” in the 2026 financial year after signing “several large cloud service agreements”. The company had previously advertised a contract with the Chinese E -Commerce platform Temu.
Oracle did not announce the name of the customer, although the founder Larry Ellison said in March that he expected Oracle to sign his first contract with Openaai and Softbanks 500 billion USD Stargate Data Center project “pretty soon”.
The 30 billion dollar deal is a significant milestone for Oracle, which corresponds almost three times the turnover of USD 10.3 billion, which the company generated in its 2025 financial year.
The company in Austin, Texas in Austin, entered the cloud computing market slowly, but has a strong increase in demand for data center infrastructure, which increased in its explanation Last quarterAnd companies are looking for computer powers to lead artificial intelligence.
Oracle was one of the main use of capacity from capacity restrictions on competitors, including Microsoft. Large technology companies plow hundreds of billions of dollars into building data centers to train and use artificial intelligence models.
Oracle became a partner in Stargate at the beginning of this year. It has promised $ 7 billion for the company, but the majority of the financing is expected by other investors.
The company is expected to spend around $ 40 billion for Nvidia’s powerful computer chips to supply the first series of data centers for Openai in Abilene, Texas, the Financial Times reported last month.
At the beginning of this month, Catz informed investors that Stargate was still “in the formation” and that it had booked some income from Openaai, but most of his growth was driven by contracts with other companies.
Openai and Oracle did not immediately answer inquiries about comments.
Additional reporting from Cristina Criddle in San Francisco
