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Oracle Wins $7 Billion Pentagon Contract in Major Government Deal
In today’s Cloud Wars Minute, I explore Oracle’s major $7 billion Pentagon contract and what it means for the company’s government and enterprise ambitions.
Highlights
00:03 —The Pentagon has awarded Oracle a major 10-year contract worth up to $7 billion, sending the company's shares around 3% higher in extended trading. On the news, investors are clearly happy to see another major government win here for Oracle.
00:22 — The agreement will see Oracle's software deployed across on-prem data centers used by the U.S. military, intelligence agencies, and Coast Guard. But the contract covers far…
The skinny
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