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Oracle Appoints Co-CEOs Amid $300 Billion Cloud Ambitions

9/22/2025

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Summary

Story summary

Oracle names Clay Magouyrk and Mike Sicilia as co-CEOs, with Safra Catz becoming executive vice chair.
Analysts expect a smooth transition as the new leaders continue a growth-focused cloud strategy.
Catz previously led Oracle's cloud transformation, boosting market capitalization.
A potential $300 billion cloud deal with OpenAI could emerge; Oracle projects $18 billion in cloud-infrastructure revenue this fiscal year.

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Story summary

Oracle names Clay Magouyrk and Mike Sicilia as co-CEOs, with Safra Catz becoming executive vice chair.
Analysts expect a smooth transition as the new leaders continue a growth-focused cloud strategy.
Catz previously led Oracle's cloud transformation, boosting market capitalization.
A potential $300 billion cloud deal with OpenAI could emerge; Oracle projects $18 billion in cloud-infrastructure revenue this fiscal year.