Oracle provides enterprise software, cloud infrastructure, databases, and business applications for organizations. It offers cloud computing, storage, networking, and AI-enabled data management, plus Fusion Cloud Applications for ERP, HCM, supply chain, manufacturing, and customer experience, with options for hybrid and on-premises deployment. The company differentiates itself with an integrated stack that spans databases, cloud infrastructure, and enterprise apps, built on a history of acquisitions and a broad customer base. Its goal is to help organizations run operations efficiently, scale data and processes, and pursue digital transformation through an end-to-end platform.
Company Size
10,001+
Company Stage
IPO
Headquarters
Austin, Texas
Founded
1977
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401(k) Savings and Investment Plan with company match
Paid time off: Flexible Vacation is provided to all eligible employees assigned to a salaried (non-overtime eligible) position. Accrued Vacation is provided to all other employees eligible for vacation benefits. For employees working at least 35 hours per week, the vacation accrual rate is 13 days annually for the first three years of employment and 18 days annually for subsequent years of employment. Vacation accrual is prorated for employees working between 20 and 34 hours per week. Employees working fewer than 20 hours per week are not eligible for vacation.
11 paid holidays
Paid sick leave: 72 hours of paid sick leave upon date of hire. Refreshes each calendar year. Unused balance will carry over each year up to a maximum cap of 112 hours.
Paid parental leave
Adoption assistance
Employee Stock Purchase Plan
Financial planning and group legal
Voluntary benefits including auto, homeowner and pet insurance
Oracle reported strong earnings last month, with revenue up 30% and per-share profit rising 55%. The company achieved triple-digit growth in its cloud infrastructure business. Despite this performance, the stock has fallen 26% this year, trading below $150 compared to its 52-week high of over $322. Investor concerns centre on Oracle's high debt load and its close relationship with OpenAI. OpenAI accounts for approximately $300 billion of Oracle's $664 billion backlog, creating uncertainty about future growth given questions about OpenAI's profitability. The stock trades at 23 times trailing earnings and about 18 times estimated future profits, slightly below the S&P 500 average of 20. Analysts suggest this discount isn't sufficient to offset the risks associated with Oracle's OpenAI exposure.
Goldman Sachs warns that the AI stock rally hinges on hyperscalers demonstrating accelerating cloud revenue growth this earnings season. The firm expects year-over-year cloud growth to increase from 48% in Q2 to 55% in Q3 amongst Amazon, Google, Microsoft, and Oracle. Goldman strategist Ben Snider emphasised that continued signs of AI capital expenditure monetisation will be crucial for both hyperscaler performance and future capex growth outlook. Micron provided an early positive signal last week, beating sales and profit forecasts driven by AI demand. The memory chipmaker added approximately $43 billion in sales compared to the year-ago quarter, with executives projecting tight capacity and high chip prices through 2028.
Oracle plans to purchase energy from Wisconsin's Point Beach Nuclear Plant for its Port Washington data centre, potentially saving utility customers $300 million in fuel costs between 2027 and 2033. The company aims to buy 125 to 250 megawatts to power its $15 billion AI data centre project, developed with OpenAI and Vantage Data Centers. The move addresses rising costs from We Energies' power purchase agreement with Point Beach's owner, NextEra Energy. The agreement involves escalating price increases, with rates doubling between 2009 and 2027. We Energies cited this contract as the cause for 20% of its proposed $176 million rate hike for 2027. Wisconsin's Public Service Commission must approve Oracle's proposal, expected by year-end. Consumer advocates called it a step forward but await full details.
Oracle invoked "force majeure" to delay payment on its Project Jupiter data centre campus, causing its bonds to trade at yields above 8%. The company maintains its 2.45-gigawatt New Mexico data centre will be completed on time and that its financial challenges don't reflect the broader AI industry. Other tech giants like Microsoft, Alphabet, Amazon, and Meta Platforms continue their AI build-outs without financing issues. Microsoft stated its fiscal 2027 AI capital expenditures will be entirely supported by free cash flow. Oracle produced $4.7 billion in net income last quarter, representing over 60% year-over-year growth. Interest expenses increased to 8% of revenue from 6% the previous year. Analysts suggest Oracle's financing challenges shouldn't worry AI investors, as other companies will fill any gaps if Oracle slows down.
Oracle shares dropped 8.3% this week after the company issued a force majeure notice on its Project Jupiter data centre in New Mexico, citing potential power delays. The stock traded near $138, down 57% from its 52-week high of $323. Shares recovered somewhat on Tuesday following reports that OpenAI, a major Oracle cloud customer, reached nearly $70 billion in annualised recurring revenue. Oracle's fundamentals remain solid, with Q1 fiscal 2027 revenue up 30% to $19.3 billion and Oracle Cloud Infrastructure revenue jumping 121% to $7.4 billion. The company now trades at a forward P/E of 15.6x, below its five-year average of 21.5x. Oracle has booked over $30 billion in new AI cloud contracts, bringing remaining performance obligations to $664 billion. However, the AI infrastructure build-out has pushed net debt to approximately $132 billion.