Deutsche Bank analyst Brad Zelnick says the seven-year strategic cloud partnership with Uber Technologies (UBER) has been anticipated by Oracle (ORCL) investors as one of many nine- and 10-figure cloud deals in the company’s pipeline. The deal further validates Oracle Cloud Infrastructure "as a strong option in the market, particularly for discerning, technologically sophisticated customers like Uber," the analyst tells investors in a research note. The firm believes the award represents well over $1B in total contract value. While "no doubt a strategic win," the deal may only contribute 2%%-3% of Oracle Cloud Infrastructure revenue in 2023, or $100M-$150M.
Published first on TheFly
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