"...its chief executive touted the tech giant's recent success in landing cloud services agreements, including one that will reach more than $30 billion in revenue by 2028
Oracle Chief Executive Safra Catz said in a regulatory filing early Monday that... we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in fiscal year 2028,"
You seem to be either implying the deal doesn't actually exist, or that it is with some entity that won't actually be able to meet the commitment.
The former would be outright fraud.
The latter would be a really bad idea on Oracle's side; being able to actually serve that contract will require a huge amount of capex spenditure, and that spending needs to start pretty much right now. They're not taking the liability of that build-out without having confidence in the customer actually paying in three years.
Oracle Cloud only wins deals by making them zero margin or even unprofitable for them. It’s then only way they can compete against more established competitors with better tech and non-asshole business practices.
https://www.msn.com/en-us/money/topstocks/oracle-stock-jumps...
"...its chief executive touted the tech giant's recent success in landing cloud services agreements, including one that will reach more than $30 billion in revenue by 2028
Oracle Chief Executive Safra Catz said in a regulatory filing early Monday that... we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in fiscal year 2028,"