Oracle announced on Thursday that it expects its annual cloud infrastructure revenue to increase to $166 billion by fiscal year 2030, accounting for nearly 75% of its total revenue. Company CEO Clay Magouyrk revealed during an analyst meeting that new orders are coming from a wide range of customers, not limited to OpenAI. Meanwhile, Chief Financial Officer Dough Kehring expects the company's total revenue to reach $225 billion by fiscal year 2030, with an adjusted earnings per share of $21.
