Oracle's recent announcement regarding a mystery customer is a game-changer, expected to boost its annual revenues by more than $30 billion, thus doubling its cloud business size. CEO Safra Catz noted impressive growth, with multi-cloud database revenue soaring above 100 percent. While the identity of this customer remains undisclosed, speculation includes potential partnerships with major firms like TikTok or TEMU. Additionally, Oracle's strategy of utilizing infrastructure within competitor datacenters continues to thrive, with a projected expansion of multi-cloud facilities, signaling a robust growth trajectory into fiscal year 2026.
"Oracle is off to a strong start in fiscal year 2026. Our multi-cloud database revenue continues to grow at over 100 percent..."
"We currently have 23 multi-cloud datacenters live with 47 more being built over the next 12 months..."
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