Oracle Teams with Alviere, Eyes $144B Cloud Growth by 2030
Oracle announced a multi-year agreement with Alviere to integrate regulated payment services including card issuance and cross-border remittances into its industry application suites, expanding embedded finance capabilities. It also reiterated guidance for 700% cloud infrastructure revenue growth to $144 billion by 2030 underpinned by a $300 billion OpenAI contract.
1. Strategic Partnership with Alviere
Oracle has signed a multi-year strategic agreement with Alviere to embed regulated payment services—such as card issuance and cross-border remittances—directly into its industry application suites. This collaboration aims to streamline money movement and enhance compliance and scalability for large enterprise clients by integrating finance workflows into existing Oracle platforms.
2. Ambitious Cloud Infrastructure Outlook
Oracle reaffirmed guidance targeting a 700% increase in cloud infrastructure revenue to $144 billion by fiscal 2030, driven by a $300 billion multi-year contract with OpenAI. The recent funding round for OpenAI, led by Amazon, Nvidia and SoftBank, reinforces the credibility of this partnership and supports Oracle’s long-term cloud growth trajectory.