Oracle expects cloud infrastructure revenue to be $166 bln in FY30
1. Oracle forecasts $166 billion cloud revenue by fiscal 2030. 2. This growth highlights Oracle's strategic focus on cloud services.
FAQ
Why Bullish?
The projected revenue indicates strong confidence in cloud growth, similar to Amazon Web Services' trajectory which bolstered Amazon's stock significantly in previous years.
How important is it?
The projected growth in cloud revenue is a critical strategic indication that could positively influence investor sentiment and stock performance.
Why Long Term?
Achieving the $166 billion target will require sustained performance and market conditions, echoing Microsoft's success with Azure over years.