Pentagon signs deal with Oracle worth almost $7 billion for on-premises software

The US Department of Defense signed a software deal with Oracle valued at almost $7 billion over 10 years, with a five-year base period. It covers perpetual and subscription software licences, maintenance and consulting, and the DoD expects savings of at least $441 million by consolidating its Oracle purchases. The contract is for on-premises Oracle software rather than cloud services, so it does not add directly to OCI revenue.

• Value almost $7 billion over 10 years, with a five-year base period
• Covers perpetual and subscription licences, maintenance and consulting
• DoD projects savings of at least $441 million
• On-premises software, not cloud