Cloud applications (SaaS)
Growing about 10% a year; now less than half of cloud revenue as IaaS takes over.
The numbers
What it is
Oracle's SaaS applications, including Fusion Cloud Applications and NetSuite, sold on subscriptions. A slower, steadier business than IaaS.
Why it matters to the stock. SaaS gives recurring, high-margin revenue that cushions the capex-heavy cloud build-out. A growth rate stuck near 10% makes the IaaS ramp the whole equity story.
News
Oracle launches Fusion Claw runtime and 25 Claw-powered Fusion agentic apps
Oracle announced Fusion Claw on September 29, 2026 through PR Newswire, a governed execution runtime for its Fusion Agentic Applications.
Oracle completes $20 billion at-the-market common stock sale
Oracle said in its fiscal Q1 2027 release that it has completed the sale of $20 billion of common stock, before commissions, under its at-the-market programme.
Oracle Q4 FY2026: revenue $19.2B up 21%, non-GAAP EPS $2.11, RPO $638B
Oracle reported fiscal Q4 2026 revenue of $19.2 billion, up 21%, with cloud revenue of $9.9 billion (up 47%).
Oracle lifts FY2027 revenue guidance to $90 billion and guides Q4 cloud growth to 46-50%
Oracle raised its fiscal 2027 total revenue guidance to $90 billion in the March 10 release.