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Friday 04 July 2025

Could Oracle’s mystery $30bn cloud deal signal the start of Stargate?

OracleIt’s been widely reported in the media, albeit seemingly based on sources “familiar with the work” speaking to Bloomberg on condition of anonymity, that Oracle’s mystery $30bn cloud services win is indeed the company’s first Stargate contract with OpenAI – and not Temu (as was the other commonly-thought possibility).

As we reported earlier this week (see Oracle shares jump on news of $30bn cloud contract), the scale of this annual deal represents a massive revenue ramp-up for Oracle’s Cloud Infrastructure (OCI) division – already in hypergrowth for many successive quarters, and bringing in around $10bn during FY25. However, the numbers won’t start to show on the company’s balance sheet until FY28.

Oracle made the Top 10 in our recent Software & IT Services (SITS) Supplier Rankings report, though – as we noted at the time – whilst OCI surged in terms of growth last year (and is primed to accelerate further, given continued domestic investment in AI infrastructure), current UK revenue for the division is still relatively modest.

TechMarketView Foundation Service members can download UK SITS Supplier Rankings 2025 and its companion report UK SITS Market Trends & Forecasts 2025 now. Together they provide an unparalleled multi-dimensional view of the UK SITS market as it looks today and how it’s forecast to evolve in the coming years. If you are not a Foundation Service member, please contact Deb Seth for more information.

Posted by: Craig Wentworth at 09:40

Tags: contract   rankings   OCI  

 
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