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

Core Insights - Oracle shares increased by over 5% following a filing that disclosed a cloud deal expected to generate more than $30 billion in annual revenue starting in the fiscal year 2028 [1][2] - CEO Safra Catz is anticipated to announce the details of this significant deal during a company meeting [1] - The company reported strong growth in its MultiCloud database revenue, which is currently growing at over 100% [2] Financial Impact - The new cloud services agreements, including the major deal, will not impact Oracle's guidance for the fiscal year 2026 [2] - Revenues from the new deal are projected to begin contributing in the fiscal year 2028 [1][2]