166 AI Monetization…AI Infrastructure = Oracle Revenue +50x to $948MM Over Two Years Oracle AI Infrastructure Revenue – F2022-F2024, per Oracle & Morgan Stanley Estimates Source: Oracle, Morgan Stanley estimates, ‘What’s Ahead for the AI Infrastructure Cycle’ (8/24) There are many, many [AI infrastructure] customers who have come on and that haven't gotten capacity yet… …We've got at least 40 new AI bookings that are over a billion (dollars) that haven't come online yet. - Oracle CEO Safra Catz, 3/24 Revenue, $MM AI Monetization = Compute Services $0 $500 $1,000 F2022 F2023 F2024 Oracle AI Infrastructure Revenue ($MM), Estimated per Morgan Stanley