Friday, 17 October, 2025
Oracle Predicts $166B Cloud Revenue by 2030 Amid AI Expansion
Oracle anticipates its cloud infrastructure business will reach $166 billion in revenue by fiscal year 2030, accounting for nearly 75% of its total operations. The forecast was revealed during a quarterly earnings meeting where cloud revenue already rose 28% to $7.2 billion. Oracle claims its new bookings come from a diverse customer base beyond just OpenAI and expects adjusted gross margins of 30-40% in AI cloud services.
Read full story at Economic Times