Oracle Corp. said it has signed a single cloud deal worth $30 billion in annual revenue — more than the current size of its entire cloud infrastructure business.

Oracle has signed a game-changing $30B annual cloud deal set to kick in by FY2028. With booming cloud growth, major AI ventures like Stargate, and a massive $138B sales backlog, Oracle is quickly emerging as a top player in the cloud and AI infrastructure space.

Oracle Corp. said on Monday it has signed a cloud services deal that it expects to contribute over $30 billion in annual revenue starting in the fiscal year 2028. In a regulatory filing, Oracle Chief Executive Officer Safra Catz said revenue from Oracle’s namesake database that runs on other clouds continues to grow more than 100%.