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%.Oracle shares jumped 4.86% on Monday in New York. They are up 26% this year through Friday’s close.In recent years, Oracle has gained traction in the competitive market for renting out computing power over the internet, in part by targeting clients focused on artificial intelligence work.Earlier this year, Oracle had announced a joint venture dubbed Stargate to provide OpenAI with massive sums of computing power.Oracle is best known for its database software but has been investing aggressively in its cloud-computing business. That spending appears to be paying off as the company predicted “dramatically higher” revenue growth for its upcoming fiscal year amid strong demand for AI-related services.Alphabet Inc. has hired Kobi Bar-Nathan from Oracle Corp. as its new cloud finance chief.Kobi became the chief financial officer of Google Cloud this month, according to his LinkedIn profile. Previously, he held a similar role at Oracle, and prior to that a cloud finance role at Microsoft Corp. In the competitive market for renting out computing power over the internet, Google and Oracle are rapidly rising challengers. Their market share is third and fifth, respectively, significantly trailing Amazon.com Inc. and Microsoft, according to a report from Synergy Research Group.Google’s cloud division is led by Thomas Kurian, who joined the Alphabet company in 2019 from Oracle following disagreements with Chairman Larry Ellison over Oracle’s cloud strategy. Google Cloud has been a recent bright spot for Alphabet, beating analysts’ estimates for operating profit several quarters in a row after years of being a money-losing business. Despite lagging behind Amazon and Microsoft, Google has recently poured resources into the unit, especially as it has taken a primary role in the company’s wider AI strategy.– With inputs from Bloomberg in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Oracle signs a cloud services agreement and anticipates revenue exceeding $30 billion.
