Oracle Corporation

Who owns Oracle?
Oracle is a publicly traded corporation with no controlling shareholder. The company trades on the NYSE under the ticker ORCL. Larry Ellison, co-founder and chairman, holds approximately 42 percent of outstanding shares, making him the largest individual shareholder. Major institutional shareholders include Vanguard Group, BlackRock, and State Street Global Advisors. No single shareholder holds a controlling majority.

Is Oracle publicly traded?
Yes, Oracle is publicly traded on the New York Stock Exchange under the ticker symbol ORCL. The company has been publicly traded since its IPO in 1986. As of August 2026, Oracle's stock trades at approximately $146 per share, making it one of the largest technology companies by market capitalization.

What is Oracle's annual revenue?
Oracle reported FY2026 total revenue of $67.4 billion, up 17 percent year over year. Cloud revenue was $34.0 billion, up 39 percent, including IaaS revenue of $18.1 billion (up 77 percent) and SaaS revenue of $15.9 billion (up 11 percent). GAAP earnings per share were $5.83, up 34 percent. Oracle has guided to FY2027 revenue of $90 billion.

Who are Oracle's CEOs?
Clay Magouyrk and Mike Sicilia serve as Co-CEOs of Oracle Corporation, appointed in September 2025. Magouyrk previously led Oracle Cloud Infrastructure and oversees the cloud infrastructure business. Sicilia previously led Oracle Industries and focuses on enterprise applications. Safra Catz, who served as CEO from 2014 to 2025, is now Executive Vice Chair of the Board. Larry Ellison remains chairman and CTO.

What is Oracle Cloud Infrastructure?
Oracle Cloud Infrastructure (OCI) is Oracle's cloud computing platform providing IaaS services, including compute, storage, networking, and AI infrastructure. OCI is the fastest-growing cloud infrastructure provider, with Q4 FY2026 revenue of $5.8 billion, up 93 percent year over year. OCI is designed for high-performance AI training and inference workloads and serves customers including OpenAI, Meta, xAI, Nvidia, and AMD.

What is Oracle's RPO?
Oracle's remaining performance obligations (RPO) reached a record $638 billion as of May 31, 2026, up $85 billion from the prior quarter. RPO represents contracted future revenue that has not yet been recognized. Bank of America analysts estimate that over 50 percent of RPO comes from OpenAI. Oracle noted that $75 billion of its large AI contracts involve prepaid or customer-supplied hardware, reducing the capital Oracle must raise.

How many employees does Oracle have?
Oracle employs approximately 164,000 people worldwide. The company has significant operations in North America, Europe, Asia, and other regions, with headquarters in Austin, Texas, and major facilities in Redwood Shores, California, and other global locations.

What is Oracle's AI strategy?
Oracle's AI strategy focuses on providing cloud infrastructure for AI training and inference, connecting AI models directly to Oracle Database through the Oracle AI Data Platform, and building AI-powered enterprise applications. The company is positioning OCI as the primary cloud platform for AI workloads, with data centers designed to use clean energy from natural gas fuel cells. Key AI customers include OpenAI, Meta, xAI, Nvidia, and AMD.

Oracle Corporation was founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates as Software Development Laboratories (SDL) in Santa Clara, California. The founders were inspired by a research paper written by Edgar F. Codd on relational database models, published by IBM. They built a database management system based on Codd's ideas, initially called Oracle, with the first version completed in 1978.

In 1979, the company was renamed Relational Software Inc. (RSI), and in 1982, it was renamed Oracle Corporation to align with its flagship product. Oracle Database version 3, released in 1983, was the first portable version, written in C, allowing it to run on multiple hardware platforms. This portability became a key competitive advantage.

Oracle went public in 1986, raising $31.5 million in its IPO. The company grew rapidly through the late 1980s and 1990s, becoming the world's leading database management system vendor. Oracle's database technology was adopted by large enterprises, government agencies, and financial institutions worldwide.

In the 2000s and 2010s, Oracle expanded aggressively through acquisitions to build its enterprise applications portfolio. Major acquisitions included PeopleSoft ($10.3 billion, 2005), Siebel Systems ($5.8 billion, 2005), Sun Microsystems ($7.4 billion, 2010), which brought Java and Solaris, and NetSuite ($9.3 billion, 2016). The Sun Microsystems acquisition was particularly significant, as it gave Oracle ownership of Java, one of the most widely used programming languages, and Solaris, a Unix operating system used in enterprise environments.

Oracle began building its cloud infrastructure business in the 2010s, developing Oracle Cloud Infrastructure (OCI) to compete with AWS, Azure, and Google Cloud. The launch of OCI Gen2, designed for high-performance computing and security, positioned Oracle as a credible alternative to the hyperscale cloud providers. Clay Magouyrk, who joined Oracle in 2014 from Amazon Web Services, led the engineering team that built OCI Gen2.

The AI boom that began in 2023 transformed Oracle's cloud infrastructure business. As companies building AI models required massive computing capacity, Oracle positioned OCI as a primary platform for AI training and inference. The company signed large contracts with OpenAI, xAI, Meta, Nvidia, and AMD, driving record growth in cloud infrastructure revenue and RPO.

In September 2025, Oracle underwent a significant leadership transition. Safra Catz, who had served as CEO since 2014, was appointed Executive Vice Chair of the Board of Directors. Clay Magouyrk, previously President of Oracle Cloud Infrastructure, and Mike Sicilia, previously President of Oracle Industries, were appointed as Co-CEOs. Larry Ellison remained as chairman and CTO.

In FY2026, Oracle's cloud infrastructure revenue grew 77 percent to $18.1 billion, driven by AI workload demand. The company's RPO reached $638 billion, with Bank of America analysts estimating that over 50 percent of RPO comes from OpenAI. Oracle noted that $75 billion of its large AI contracts involve prepaid or customer-supplied hardware, reducing the capital Oracle must raise to build AI data centers.

Oracle's FY2026 capital expenditure was approximately $50 billion, with an additional $248 billion in lease commitments tied to data centers. The company raised $43 billion in debt and $5 billion in equity in FY2026 and announced plans to raise an additional $40 billion in debt and equity financing. The massive capital deployment has drawn scrutiny from investors and credit rating agencies concerned about concentration risk and debt levels.

In June 2026, Oracle announced its Q4 and FY2026 results, reporting record revenue and earnings. The company maintained its FY2027 revenue guidance of $90 billion and raised its adjusted EPS forecast to $8.05. CEO Clay Magouyrk said the company plans to bring online almost one gigawatt of computing power in the current quarter, roughly equal to the total for all of FY2026.

Oracle has set science-based targets to reduce greenhouse gas emissions across its operations and supply chain. The company has committed to achieving net-zero emissions and has implemented programs to increase renewable energy usage in its data centers and facilities. Oracle has reported approximately 100 percent renewable energy usage in its major data centers as of 2024.

In FY2026, Oracle emphasized its commitment to building data centers that use clean energy from natural gas fuel cells to generate electricity with minimal emissions. This approach is part of the company's strategy to address the significant energy requirements of AI training and inference infrastructure.

Oracle's sustainability program also includes initiatives for sustainable cloud development, responsible AI development, and community engagement. The Oracle Education Foundation supports STEM education and computer science programs in communities where the company operates.

The company has not obtained B Corp certification. Oracle publishes an annual sustainability report, though its sustainability claims have not been independently verified by organizations such as CDP or SBTi to the same extent as some peers.

Oracle has faced significant controversy and regulatory challenges, particularly concerning data privacy, securities fraud allegations, and data breaches.

In 2024, Oracle agreed to pay $115 million to settle a consumer privacy lawsuit filed in the Northern District of California. The lawsuit alleged that Oracle conducted extensive surveillance of internet users through cookies, JavaScript code, and tracking pixels without proper notice or consent. The plaintiffs accused Oracle of violating privacy rights under the California Invasion of Privacy Act and Federal Wiretap Act by collecting detailed personal data including online activities, offline purchase histories, and location data.

In December 2025, a securities class action lawsuit was filed in Delaware federal court accusing Oracle executives of misleading investors about AI infrastructure returns while engaging in substantial insider selling. The lawsuit alleges that Oracle overstated how quickly its capital expenditures on AI infrastructure would translate into revenue growth, with executives including former CEO Safra Catz selling nearly $1.87 billion in shares between June and December 2025. The stock declined significantly after S&P Global Ratings flagged concentration risks related to Oracle's dependence on OpenAI, which could account for more than a third of Oracle's total revenues by fiscal 2028.

Oracle experienced at least two major data breaches in July and August 2025 by the Cl0p ransomware group, which harvested Social Security numbers, dates of birth, physical addresses, and other personal information from millions of individuals through Oracle E-Business Suite software. A federal judge in Austin is considering consolidating more than 30 related cases into a single class action lawsuit, with Oracle facing criticism for alleged non-compliance with Texas Data Breach Act notification requirements.

Oracle has also drawn regulatory scrutiny over its massive AI infrastructure spending commitments. Analysts and credit rating agencies have raised concerns about Oracle's $50 billion planned expenditure for FY2026 and $248 billion in additional lease commitments tied to data centers. Financial backers including Blue Owl Capital reportedly pulled out of major financing deals over concerns about Oracle's spending strategy and concentration risk.

Oracle has faced antitrust scrutiny throughout its history, particularly regarding its competitive practices in the database market and its aggressive acquisition strategy. The company has been investigated by regulatory authorities in multiple jurisdictions regarding its licensing practices and pricing strategies.