Oracle yet to sign a Stargate contract or predict revenue from AI mega-build

Oracle on Monday announced customers committed to $48 billion of future cloud services consumption – just $5 billion less that its annual revenue for FY 2024 – but investors aren’t impressed. Big Red’s revenue for Q3 2025 came in at $14.1 billion, up six percent year over year. Net income of $2.9 billion represented a 22 …

[xyz]

Where's me tin foil hat...

I get a bit confused when I search between...

Stargate, the movie and series.

Stargate Project, the US military's spooky stuff.

Project Stargate, the Open AI stuff.

Stargate crypto.

It's like someone is trying to seed confusion, but maybe I'm just nuts.

[UnknownUnknown]

Re: Where's me tin foil hat...

I’d pitch that Tangoman is infected with a Goa'uld symbiote,

[Don Bannister]

Book-keeping & accounts

"performance obligation (RPO) on its books – that’s stuff customers have committed to pay for, but which Oracle hasn’t yet delivered".

I wonder if this includes the sort of Oracle deployment that has spectacularly failed for UK's Birmingham City Council, who have consequently been unable to file audited accounts for a year or more ...

[Anonymous Coward]

Re: Book-keeping & accounts

I’m keen to see when the new Debarment Powers in the newly Procurement Act 2023 are started to be wielded against Government IT failures and Military Procurement disasters*. They rolled it out for the Grenfell Tower report finale..

I can’t see more deserved people that Fujitsu, Cr@pita, Oracle, Motorola and their ilk … for debarment from public contracts.

https://competitionandmarkets.blog.gov.uk/2025/02/26/new-procurement-act-exclusion-and-debarment-on-competition-grounds-what-suppliers-and-contractors-need-to-know/

*that’ll save Rachel some money !