Oracle Chief Financial Officer: Plans to Add 7 Gigawatts of Data Center Capacity Over the Next Two Years

On November 12 that, according to Investor’s Business Daily, Oracle Chief Financial Officer Hilary Maxson stated that cloud infrastructure demand remains strong, with the company planning to add 7 gigawatts of data center capacity over the next two years to bring the total to 10 gigawatts.

Maxson said customers are still signing contracts for the next two to four years, and the company has not yet seen any signs of a demand shift. She noted that bringing large data centers online is not straightforward given the land, power, and equipment required, but the company is confident in meeting its target for additional capacity.

The company previously projected that total revenue for fiscal year 2030 will exceed $225 billion, with capital expenditures peaking in fiscal years 2027 and 2028, and expects positive free cash flow starting in the second half of fiscal year 2028.