Oracle anticipates its cloud infrastructure revenue will soar to $166 billion by 2030, fueled by diverse enterprise demand beyond its collaboration with OpenAI.
Oracle Corporation is poised for significant growth, projecting that its cloud infrastructure revenue will reach $166 billion by fiscal 2030. This figure is expected to account for nearly 75% of the company’s total sales, as announced by Chief Executive Officer Clay Magouyrk during a recent meeting with financial analysts.
The forecast underscores Oracle’s position as a major player in the enterprise technology sector, with revenue streams that extend well beyond its high-profile partnership with OpenAI. While this collaboration has garnered considerable attention, Oracle’s core business remains robust, relying on established areas such as cloud infrastructure, enterprise software, and database services.
A key driver of Oracle’s revenue is its cloud services and license support division, which recently reported over $10 billion in revenue within a single quarter. Notably, the fourth quarter of fiscal 2025 saw this division generate $11.7 billion, bolstered by subscriptions to Oracle Cloud Infrastructure (OCI). OCI experienced approximately 14% year-over-year growth during the same quarter, reflecting increased demand for storage, compute, and networking solutions.
In addition to its cloud services, Oracle’s software segment, which includes enterprise applications like NetSuite, Fusion ERP, and human capital management systems, continues to contribute billions in revenue each quarter. Despite a gradual decline in revenue from on-premises licensing and support as clients shift to cloud-based solutions, Oracle’s database services have adapted to this transition. The launch of cloud products such as the Autonomous Database has resulted in a notable growth rate of around 26% in recent periods.
Oracle also generates income from professional services, consulting, and customer support, which remain steady contributors to its overall revenue. The company reported a substantial backlog of $138 billion in remaining performance obligations for 2025, indicating strong future revenue from long-term contracts already established.
During a recent 30-day period, Magouyrk revealed that Oracle Cloud Infrastructure secured $65 billion in new commitments. This included a significant $20 billion deal with Meta Platforms. Importantly, he emphasized that this latest round of bookings came from a diverse range of customers, not solely from OpenAI.
“I know some people are questioning, ‘Hey, is it just OpenAI?’ The reality is, we think OpenAI is a great customer, but we have many customers,” Magouyrk stated. “This is literally seven deals, four customers, all of them other than OpenAI.”
While the partnership with OpenAI has enhanced Oracle’s visibility and momentum, the company’s growth trajectory is supported by a broad customer base across various industries. This diversified approach not only stabilizes Oracle’s revenue streams but also positions the company to compete effectively in the increasingly competitive cloud and AI markets.
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