Question- software was down, but you included license/support/SaaS in your comments. SaaS was up at least 11%. While smaller in terms of rev, it’s been growing at double digit rates for some time now. It’s also a higher margin and will be a delivery mechanism for agentic ai, assuming oracle doesn’t screw it up.
Yes, SaaS is growing, but in part at the expense of legacy Software (License revenue was actually down 21%). When you blend the non-IaaS revenue, the net growth is only 3% (essentially flat).
Exceptional breakdown of Oracle's high-leverage bet on AI infrastructure. The gap between $523B RPO and actual cash generation is the real story here. I watched similar construction risks play out with earlier cloud buildouts but never at thislevel of capital intensity. Executon speed vs burn rate will detmine everything.
Oracle’s future contract value relies so heavily on OpenAI, which itself has no money, that it is a farce and is being discounted by the market. Wealthfront is pulling a page from Schwab, which made far more money in the 90s by not paying the 6% money market to their clients and pocketing the difference than by cheap trades.
Question- software was down, but you included license/support/SaaS in your comments. SaaS was up at least 11%. While smaller in terms of rev, it’s been growing at double digit rates for some time now. It’s also a higher margin and will be a delivery mechanism for agentic ai, assuming oracle doesn’t screw it up.
Yes, SaaS is growing, but in part at the expense of legacy Software (License revenue was actually down 21%). When you blend the non-IaaS revenue, the net growth is only 3% (essentially flat).
Exceptional breakdown of Oracle's high-leverage bet on AI infrastructure. The gap between $523B RPO and actual cash generation is the real story here. I watched similar construction risks play out with earlier cloud buildouts but never at thislevel of capital intensity. Executon speed vs burn rate will detmine everything.
Oracle’s future contract value relies so heavily on OpenAI, which itself has no money, that it is a farce and is being discounted by the market. Wealthfront is pulling a page from Schwab, which made far more money in the 90s by not paying the 6% money market to their clients and pocketing the difference than by cheap trades.