Oracle stock has surged on cloud infrastructure growth, with potential for $100 billion revenue in 2028.

Oracle stock has surged 60% in the past three months, outpacing the S&P 500 index. The company’s cloud infrastructure business has signed a deal expected to generate over $30 billion in annual revenue by 2028. Oracle’s revenue from cloud services and licenses grew by 12% to $44 billion in fiscal 2025.

The Oracle Cloud Infrastructure (OCI) segment revenue jumped 51% to $10.2 billion, contributing significantly to the overall revenue growth of $57.4 billion. Oracle’s management anticipates at least 70% growth in OCI revenue for the current fiscal year, with a projected total revenue increase to $67 billion in fiscal 2026.

Oracle’s new cloud contract could lead to an additional $30 billion in sales by fiscal 2028, potentially surpassing Wall Street’s top-line expectations. Chairman Larry Ellison hinted at further growth potential through the Stargate Project, aiming to build more data centers globally and increase its market cap to $1.1 trillion.

CEO Safra Catz foresees accelerated revenue and profit growth as Oracle expands its data center footprint. Plans to build 47 MultiCloud data centers and 30 dedicated data centers in fiscal 2026 indicate a strong growth trajectory. Oracle’s revenue could reach $100 billion in fiscal 2028, presenting significant potential for investors.

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