Oracle has projected its Cloud Infrastructure revenue to reach $166 billion by 2030.
The company's CEO, Clay Magouyrk, unveiled this forecast during a presentation to financial analysts, signaling a shift away from its legacy database business and towards the cloud market.
The forecast accounts for nearly three-quarters of the company's total projected sales for that period.
This prediction is part of a broader financial outlook, demonstrating Oracle's commitment to becoming a dominant force in the cloud market, particularly in the infrastructure-as-a-service (IaaS) sector.
Author's summary: Oracle projects $166 billion cloud revenue by 2030.