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Oracle is planning to build a gigawatt-scale data center powered by three small nuclear reactors (SMRs), according to founder Larry Ellison.
CTO and chairman Ellison told investors during an earnings call this week that Oracle currently has 162 cloud data centers in operation or under construction globally, the largest of which has a capacity of 800MW and is set to house Nvidia GPU clusters.
But the company will "soon" begin the construction of data centers that surpass a gigawatt of capacity, according to Ellison.
One of those projects, Ellison said, has a location already selected and is in the middle of the design process. The data center is set to be nuclear-powered, with Oracle already having building permits for three small modular nuclear reactors (SMRs).
Further details of the project were not shared, DCD has reached out for more information.
Oracle posts quarterly earnings
Oracle's revenues reached $13.3 billion for Q1 of fiscal year 2025.
This represents a growth of seven percent in USD year-on-year (YoY) and eight percent in constant currency.
Of that $13.3bn, cloud services counted for $5.6 billion (up 21 percent YoY in USD), while cloud license and on-premise license revenues were $870 million (up seven percent YoY in USD).
Infrastructure cloud services have an annualized revenue of $8.6 billion, with OCI consumption revenue up 56 percent.
"As Cloud Services became Oracle's largest business, both our operating income and earnings per share growth accelerated," said Oracle CEO, Safra Catz. "Non-GAAP operating income was up 14 percent in constant currency to $5.7 billion, and non-GAAP EPS was up 18 percent in constant currency to $1.39 in Q1. RPO was up 53 percent from last year to a record $99 billion.
"That strong contract backlog will increase revenue growth throughout FY25. But the biggest news of all was signing a MultiCloud agreement with AWS—including our latest technology Exadata hardware and Version 23ai of our database software—embedded into AWS cloud data centers. AWS customers will get easy and convenient access to the Oracle database when we go live in December later this year."
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