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

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. Shares have jumped more than 33% this year, benefiting from cloud growth and the rise of artificial intelligence models. Earlier this month, the company closed out its best week since 2001 following strong earnings . Oracle has announced a slew of AI deals in recent months, including the joint Stargate venture with OpenAI and SoftBank to invest billions into bolstering AI infrastructure . The company is also working on an iteration in the United Arab Emirates and announced a new AI partnership with IBM last month. WATCH: Oracle shares hit record high