By Shannon Carroll
Publication Date: 2026-03-11 14:34:00
oracle $ORCLOf all people, you want to say a word about the future of software. On his last earnings call, Larry Ellison resorted to one of tech’s worst new panics – the SaaS apocalypse – to try to argue that the AI shakeout is here to stay oracle but could instead leave the old corporate giant in a stronger position.
“Thank God we now have these coding tools that allow us to create a comprehensive set of software — agent-based software — to automate an ecosystem like healthcare or financial services,” Ellison said. “That’s why we think we’re a disruptor. That’s why we think the SaaS apocalypse is for others, but not for us.”
That’s a striking statement from a company better known for its plumbing than its Silicon Valley prophecies, and it landed on the same day oracle reported quarterly revenue of $17.2 billioncloud revenue increased 44% to $8.9 billion, cloud infrastructure revenue increased 84% to $4.9 billion, and remaining performance…
