Oracle CEO Clay Magouik (center) speaks during a media tour of the Stargate data center in Abilene, Texas, on September 23, 2025. Stargate is a joint venture between OpenAI, Oracle, and SoftBank that is building data centers and other artificial intelligence infrastructure across the United States with promotional support from President Donald Trump.
Kyle Grillot | Bloomberg | Getty Images
oracle Shares closed 3% higher on Thursday as the company sought to expand its business in core categories and confirmed a cloud computing deal with a social media company. meta.
The database software maker expects artificial intelligence-powered databases and AI data platforms to generate $20 billion in revenue in fiscal 2030, up from $2.4 billion in fiscal 2025 and $3 billion in fiscal 2026.
“If you look at how those numbers change, you’re going to see that it’s going to be a little bit easier to find supply, not just this year or next year, but over the next few years,” Clay Magwiruk, one of Oracle’s two new CEOs, told analysts Thursday at the company’s AI World Conference in Las Vegas. “So if we can find supply, our customers will contract it and we will provide it to our customers because we see huge demand.”
Magouyrk said Oracle signed $65 billion in new cloud infrastructure deals in a 30-day period this quarter.
“It spanned seven different contracts from four different customers,” Magwirke said. “None of those customers are OpenAI. I think sometimes people wonder, ‘Hey, is it just OpenAI?’ But the truth is, we think OpenAI is a great customer, but we have a lot of customers.”
He said Meta, which operates Facebook and Insatgram, is one of the four customers. Bloomberg reported in September that the two companies were in talks about a $20 billion deal.
The deal with Meta comes amid a surge in spending as technology companies invest in infrastructure for AI initiatives. Meta said in July that it expected to spend $66 billion to $72 billion in capital spending this year.
Oracle has expanded its cloud infrastructure sector in recent years, competing with companies such as: Amazon and google. At the same time, Oracle began offering databases on clouds other than its own.
Oracle won a contract worth more than $300 billion from OpenAI in July.
Oracle says its AI infrastructure has an adjusted gross margin of 30% to 40%, taking into account the cost of land, data centers, power, and computing equipment. Earlier this month, The Information reported that Oracle earned a 14% gross profit on rentals. Nvidia AI chips for August quarter.
“I’ve read a lot of articles speculating that Oracle is chasing revenue for revenue’s sake, but let me be clear:” said Doug Koehling, the company’s chief financial officer. “We only pursue opportunities where we have a clear view of attractive market margins that reward our intellectual property and the activity we bring to our customers.”
After the market closed, Oracle announced that it is now targeting adjusted earnings per share of $21 on revenue of $225 billion in 2030, representing a compound annual growth rate of 31%. Analysts polled by LSEG had expected sales of $18.92 per share and $198.39 billion. Shares fell 2% in extended trading.
WATCH: Oracle begins analyst day, outlines deliverables and margins
