By Timothy Prickett Morgan
Publication Date: 2026-02-03 02:12:00
Software giant Oracle has a huge base of enterprise customers that it has built up over decades, giving it the cash flow to do a lot of things. However, unlike its larger competitors Amazon Web Services, Microsoft Azure and Google Cloud, the company does not have the financial resources and top-notch credit rating to build all the data centers its customers want to operate.
That’s one of the reasons Oracle’s leadership has said this again and again The company does not own the data centers That’s at the heart of some of its biggest deals, most notably the $300 billion agreement the company has with model maker OpenAI, now running five years. Rather, Oracle owns the equipment and builds it as soon as the money comes in and makes it available quickly so it can be paid for. Still, Oracle has to raise money every year to purchase the material to produce the equipment, which we assume will be in use for more than five years and therefore…
