Oracle signs a mystery huge cloud contract - one which could net it $30bn in revenue

• Oracle CEO Safra Catz confirms a new, mystery cloud contract worth $30 billion
• Last year's total cloud revenue stood at $24.4 billion, so it's a big increase
• Oracle says it will spend big on infrastructure soon

Oracle has signed a mystery cloud contract worth over $30 billion annually, which would effectively more than double the company's current cloud revenue.

CEO Safra Catz explained that the company had gotten off to a "strong start" this fiscal year, having signed multiple large cloud agreements already.

However, among those agreements is a mystery contract, according to a new SEC filing, said to be worth "more than $30 billion," leading investors speculating who the deal could be with.

Oracle's ...