We wrote about ORCL on Mar 15, 2024. That report can be found here.
Two later reports in Jun and September can be found here and here.
It is worth reading the first of these if you want to understand the business and how it achieved its present structure.
We look at Oracle again in June 2024. In its earnings call then, Oracle Cloud Infrastructure (OCI) was described thus:
“Oracle Cloud is the first public cloud built from the ground up to be a better cloud for every application. By rethinking core engineering and systems design for cloud computing, we created innovations that solve problems that customers have with existing public clouds. We accelerate migrations of existing enterprise workloads, deliver better reliability and performance for all applications, and offer the complete services customers need to build innovative cloud applications.”
We also noted the following:
In the last 15 years there has been a huge growth in the Cloud. The emergence of large-scale cloud hosting companies has meant that IT infrastructure is no longer an up-front fixed cost but a pay as you go, variable cost.
Many tech companies established in the last 20 years are cloud-native and older companies and organisations are moving more of their workloads, data and applications to the Cloud.
We concluded our note with a section called
“The coming explosion in Cloud Revenues”
We noted the following:
“Oracle has developed a cloud offering that seems to be more flexible, faster and more cost effective than the existing players. It has also developed industry-specific Cloud offerings targeted towards the Financial, Healthcare and Telecom sector among others. Oracle was not an early leader in the Cloud, but its persistent development efforts, large footprint within IT, and sizable wallet share give it a unique position of account leverage.”
Q1 2026 Results
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