On Wednesday, Oracle told investors that it would ramp up capital expenditures in the current fiscal year to $50 billion from an earlier forecast of $35 billion because of new contracts from the likes of Meta and Nvidia .

That's not the only way the software giant plans to supply robust computing power to meet soaring demand. It's also ratcheting up leases.

As of Nov. 30, Oracle had $248 billion in lease commitments for data centers and cloud capacity commitments that will run for 15 to 19 years, the company disclosed in a quarterly filing on Thursday. That's up 148% from the end of August.

Oracle had $10 billion in cloud capacity arrangements at the end of the quarter, according to the filing.

Over the past decade, Oracle has diversified into cloud in

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