"...its chief executive touted the tech giant's recent success in landing cloud services agreements, including one that will reach more than $30 billion in revenue by 2028
Oracle Chief Executive Safra Catz said in a regulatory filing early Monday that... we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in fiscal year 2028,"
Oracle Cloud only wins deals by making them zero margin or even unprofitable for them. It’s then only way they can compete against more established competitors with better tech and non-asshole business practices.
11 comments
[ 3.5 ms ] story [ 30.1 ms ] threadhttps://www.msn.com/en-us/money/topstocks/oracle-stock-jumps...
"...its chief executive touted the tech giant's recent success in landing cloud services agreements, including one that will reach more than $30 billion in revenue by 2028
Oracle Chief Executive Safra Catz said in a regulatory filing early Monday that... we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in fiscal year 2028,"
https://www.bloomberg.com/news/articles/2025-07-02/oracle-op... | https://archive.today/gvMpg