Oracle Corp. disclosed in a regulatory filing that it has secured several large cloud services contracts, including one expected to contribute more than $30 billion in annual revenue beginning in fiscal 2028. Chief Executive Officer Safra Catz, in prepared remarks released with the filing, said the agreements underscore a "strong start" to the company’s 2026 fiscal year, which began 1 April. Catz added that Oracle’s multicloud database revenue is growing at over 100% year-on-year. The projected revenue from the flagship contract alone exceeds the $24.5 billion the company generated from cloud services in its 2025 fiscal year and amounts to roughly half of Oracle’s total revenue for that period. Investors welcomed the news. Oracle shares jumped as much as 8.6% to an intraday record of $228.22 in New York trading before paring gains to close 4% higher at $218.63. The stock is up about one-third since the start of the year, reflecting optimism that the new cloud deals will accelerate growth and strengthen the company’s position against larger hyperscale rivals.