Oracle's Best Day Since 1992 Puts Ellison on Top of the World's Richest List
- Reference: 0179144774
- News link: https://developers.slashdot.org/story/25/09/10/2047235/oracles-best-day-since-1992-puts-ellison-on-top-of-the-worlds-richest-list
- Source link:
> The company said Tuesday after the bell that it has $455 billion in remaining performance obligations, up 359% from a year earlier. "This is a very historic kind of print right here from Oracle with this backlog," Ben Reitzes, technology research head at Melius Research, told CNBC's "Closing Bell: Overtime" on Tuesday. "The Street was looking for about $180 billion in RPO and they're talking about a number that is a multiple of that. That is astounding."
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> Oracle now sees $18 billion in cloud infrastructure revenue in fiscal 2026, with the company calling for the annual sum to reach $32 billion, $73 billion, $114 billion and $144 billion over the subsequent four years. Other analysts were left "blown away" and "in shock." D.A. Davidson's Gil Luria called it "absolutely staggering on CNBC's "Fast Money." Wells Fargo analysts said it was a "momentous confirmation" of the AI trade.
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> Oracle's cloud revenue projections overshadowed an otherwise lackluster fiscal first-quarter report in which the company missed expectations on the top and bottom lines. The company had earnings of an adjusted $1.47 per share for the quarter, just below the $1.48 per share expected by analysts polled by LSEG. Revenue for the first quarter came in at $14.93 billion, missing the $15.04 billion expected.
[1] https://www.cnbc.com/2025/09/10/oracle-stock-cloud-backlog-ai.html
Funny that 1992 (Score:2)
That's when the last AI hype cycle ended.
Amazing! (Score:1)
Does he have copies of the Epstein files?
Re: (Score:2)
He did, but the hard drive was thrown away by accident.
Back catalog (Score:2)
Just wait and see when Oracle calls in the licenses for the document parsing OutsideIn (formally, Stellent), like they did for JDKs.
OutsideIn being the industry-standard for parsing and scraping all the document formats going back years.(WordPerfect archives, anyone?).
Need to feed your LLM with documents from the mid '80s on?
Get your stock now, before it really blasts off!
I wish (Score:2)
I wish I had invested everything I own in Oracle last week.
Re: (Score:2)
Do it this week. There is still time before the bubble pops.
When you get on the bus is not as important as jumping off before the crash.
ORACLE (Score:5, Funny)
One
Rich
Asshole
Called
Larry
Ellison
Re: (Score:2)
Well, it's not so bad, he's just replacing another one called Elon Musk.
Surprising Background (Score:3)
[1]This CNBC article [cnbc.com] had a surprising quote:
> The big hyperscalers like Microsoft and Google, he said, have instituted a strategy of “offloading their capacity to other data center providers.” That’s leading businesses to use Oracle. “These are not organic customers to Oracle,” said Luria, who recommends holding the stock. “This is Microsoft, Google and Amazon’s customers that will use Oracle capacity.”
So the Big 3 cloud providers don't own their own data centers? Is the cloud some sort of infinite regress? [2]Is it turtles all the way down? [wikipedia.org]
[1] https://www.cnbc.com/2025/09/09/were-all-kind-of-in-shock-oracle-projections-analysts-slackjawed.html
[2] https://en.wikipedia.org/wiki/Turtles_all_the_way_down
Prognostications (Score:3)
Telsa's stock is much higher than fundamentals would dictate based on a Elon's prognostications that self-driving cars are imminent. Oracle's stock shot up today based on prognostications that its data centers would grow more than 10x in the next 5 years. Neither claim is believable. Oracle is saying that an extrapolation of its recent one-quarter cloud growth projected over 20 quarters will make it competitive in size with AWS and Azure, something that Google Cloud has failed to accomplished over many years. A lot of projections and claims are huge stretches. AMD is projected to increase earnings by 3x in one year. A lot of these claims don't make sense. But many people profit of these prognostications based on confident salesmanship. People like Larry Ellison and Elon Musk.
Ellison (Score:2)
Richest man in the world, but 90%+ of the population has no freakin' idea who he is or why he's important.
Re: (Score:2)
That statement is true for just about every billionaire ever.
The earnings miss (Score:3)
Was the real news - what actually happened. The forecast is optimistic, and rather long-term - 4 years out. I'm skeptical that it will be realized. Some investors obviously disagree and bid up the stock 40%. Time will tell if it was warranted.
Oracle should use AI on Oracle!! (Score:1)
Many of us have heard stories of Oracle's RDBMS being an unmaintainable clusterfuck of biblical proportions. To address this problem I have a pro tip for uncle Larry guaranteed to make him even richer.
Replace all of your devs with a legion of vibe coders running LLMs in a loop (e.g. agents) to automate the development and commit changes to the Oracle codebase. You'll not only save billions in overhead productivity will go way way way up.
How is Oracle possible still? (Score:1)
I mean, I don't think there are many companies as hated by the IT community as Oracle, Broadcom comes to mind, so who is buying so much from Oracle? Honest question here.
Just a friendly reminder (Score:5, Informative)
Oracle is built from the ground up using stolen technology paid for by taxpayer dollars in public universities.
You would be hard-pressed to find a billionaire that would still be a billionaire without government money. Your money.
But remember the real problem here is poor kids getting free school lunch.
Re: (Score:2)
But it did successfully kill DB2.
Re:Just a friendly reminder (Score:5, Informative)
You mean [1]This DB2 that IBM is stills selling [ibm.com] and is an integral part of a whole family of IBM servers?
[1] https://www.ibm.com/products/db2
Re: (Score:2)
Actually, no. The version that ran on System 360 etc.
Re:Just a friendly reminder (Score:5, Informative)
Oh so you mean the Db2 that is still part of [1]IBM i [wikipedia.org] ( nee AS/400) which is still being sold as replacement for older systems as it will run their software, and still getting updates?
[1] https://en.wikipedia.org/wiki/IBM_i
Re: (Score:2)
The successor to System/360 is [1]IBM Z [wikipedia.org]. Db2 for z/OS is still available and supported, though, so jfdavis668 is wrong anyway. AFAIK there are currently two different products called Db2 - the one for Linux, AIX and Windows (current version is called 12.1), and the one for z/OS (current version is called 13.1).
IBM i doesn't actually use Db2. There's an integrated RDBMS in the SLIC virtual machine, but it isn't treated as part of the Db2 product family.
[1] https://en.wikipedia.org/wiki/IBM_Z
Re: (Score:2)
Stolen? Really?
I'm no fan of Ellison. But by your logic, every single commercial software company ever, is built on technology pioneered by taxpayer dollars in public universities. The operating systems we use, the database technology, all of it, started out at least in part, as concepts envisioned at universities and other government-funded labs. That was the original intent of the government funding, to provide fundamental research that would result in commercial technology products.
I'm personally unhappy