From Quartz.

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Oracle executives used the latest earnings call to address AI’s impact on enterprise software and report broad cloud growth that signals operational momentum.
Larry Ellison framed the debate over an “AI SaaS-apocalypse” during Oracle earnings, saying AI coding tools are powering agent-based applications for healthcare and financial services. Cloud revenue details and guidance underscored the company’s AI posture.
Oracle reported $17.2 billion in quarterly revenue, with cloud revenue up 44% to $8.9 billion and cloud infrastructure up 84% to $4.9 billion, while remaining performance obligations rose 325% to $553 billion on AI contracts. CEO Mike Sicilia said AI will not eliminate SaaS, citing embedded agents and new AI-powered products. Applications growth included Fusion Cloud ERP up 17% and NetSuite up 14%. #oracle #saas #cloudcomputing #techtrends

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