Oracle
Austin-based maker of the Oracle Database, Oracle Cloud Infrastructure and Fusion business applications, listed on the NYSE. It reported FY2026 revenue of $67.4 billion and operates two public cloud regions in Saudi Arabia.
Industry: Database, cloud infrastructure and enterprise software | Location: Austin, United States | Founded: 1977
About Oracle
Oracle Corporation is a US technology company that sells database software, cloud infrastructure and enterprise applications. Its products include Oracle Cloud Infrastructure (OCI), Oracle Fusion Cloud Applications, NetSuite and Oracle Health. It is based in Austin, Texas, and its shares trade on the New York Stock Exchange under the ticker ORCL.
Oracle was founded in 1977 in Santa Clara, California, by Larry Ellison, Bob Miner and Ed Oates as Software Development Laboratories, according to Wikipedia. It listed on Nasdaq in 1986 and moved to the NYSE in 2013. Ellison is chairman and chief technology officer. In September 2025 Oracle promoted Clay Magouyrk, president of OCI, and Mike Sicilia, president of Oracle Industries, to chief executive officers, while Safra Catz, chief executive since 2014, became executive vice chair of the board.
Oracle has grown through acquisitions, including PeopleSoft, Sun Microsystems in 2010 for over $7 billion and the health records company Cerner in 2022 for about $28.3 billion.
For fiscal 2026 Oracle reported revenue of $67.4 billion, up 17 percent, and GAAP net income of $17.1 billion. Cloud infrastructure revenue rose 77 percent to $18.1 billion, and remaining performance obligations reached $638 billion, which TechScoop reported was more than half attributable to OpenAI. In the first quarter of fiscal 2027 revenue was $19.3 billion, up 30 percent.
Oracle plans a public OCI supercluster built on 50,000 AMD Instinct MI450 GPUs from the third quarter of 2026. In September 2026 it agreed a multi-year deal to deploy HPE Juniper routing and switching across its AI data centres, with HPE issuing Oracle warrants for HPE shares.
In Saudi Arabia, Oracle operates public cloud regions in Jeddah and Riyadh and offers sovereign cloud capacity with stc through Oracle Alloy, with stc, Ma'aden and Zain shown as customers at LEAP 2026. It runs the Mostaqbali digital skills programme with the Ministry of Communications and Information Technology and the National eLearning Center, which aims to train 50,000 people.
Leadership
- Larry Ellison, Co-founder, Chairman of the Board and Chief Technology Officer
- Clay Magouyrk, Chief Executive Officer
- Mike Sicilia, Chief Executive Officer
- Safra Catz, Executive Vice Chair of the Board of Directors
- Doug Kehring, Principal Financial Officer
- Mark Hura, President, Global Field Operations
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