Oracle expects cloud sales of $166 billion by 2030 as business expands

By Stephen Nellis and Harshita Mary Varghese (Reuters) -Oracle said on Thursday it expects cloud infrastructure revenue to grow to $166 billion in fiscal 2030, which would make up nearly 75% of its total sales by then. Chief Executive Officer Clay Magouyrk gave the cloud infrastructure prediction during a meeting with financial analysts, where he said new bookings were coming in from a range of customers, not just OpenAI. Dough Kehring, Oracle's chief financial officer, said the company expects$ 225 bil ...