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.Joe Raedle | Getty ImagesOracle shares jumped more than 5% to an all-time high after a recent filing showed a cloud deal that would add more than $30 billion annually.CEO Safra Catz is expected 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 st...
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