Person
Oracle executive who became co-CEO in September 2025 alongside Clay Magouyrk; previously ran Oracle's industry-focused applications businesses.
iTWire's comparison finds SAP's and Oracle's own announcements echo Workday's autopilot pitch. Buyers can separate the three only by testing which decisions each product hands to a person and what that person can change.
Reality
Oracle's $988 million of options for Larry Ellison and his two co-CEOs carry strikes of $280 and $308, against a share price of $137. The 53% fall tracks a build that consumed $55.7 billion of capital and left free cash flow at minus $23.7 billion.
Reality
Oracle delivered more than 300,000 GPUs and 850MW of capacity in a single quarter, and its CFO says the vast majority of last quarter's new contracts came on prepay or bring-your-own-hardware terms that need no capital from Oracle.
Reality
Cloud infrastructure revenue more than doubled to $7.4bn and the contracted backlog reached $664bn, while the $28.5bn Oracle put into capacity in three months turned a record $23.1bn of operating cash flow into free cash flow of negative $5.4bn.
Perspective Coverage
7 publishersReality
Larry Ellison has skipped Oracle's earnings calls this year and is off next month's keynote billing. The product his successors have to explain is separated EU regions and borrowed data centre capacity.
Reality
Oracle's AI growth story and its slipped data center date both sit with one co-CEO, Clay Magouyrk. The founder's two senior titles are unchanged, so what the October program settles is who sells Oracle.
Reality
Oracle spent $28bn on construction and equipment last quarter, which is $5bn more than a record quarter of cash generation. Customers renewing GPU capacity into 97.9 percent utilisation are paying about 20 percent more.
Reality
Oracle's $664bn of remaining performance obligations beat consensus by $46bn and lifted the stock 7 per cent after hours, while the fiscal 2027 revenue guide went from $90bn to at least $90bn and the EPS guide rose five cents.
Reality