Oracle Corporation (ORCL): Business Model Canvas [Dec-2025 Updated]

You're trying to figure out if the old database king is truly a modern cloud powerhouse, and honestly, the numbers from the last fiscal year tell a compelling story. Oracle Corporation, hitting $57.4 billion in FY2025 revenue, has fundamentally shifted, pouring $21.2 billion into capital expenditures for OCI expansion while locking in a massive $138 billion in future revenue via their backlog. To see precisely how they are funding this aggressive pivot-from NVIDIA partnerships to their Autonomous Database IP-you need to map out the entire structure. Check out the nine building blocks below to see the exact resources, activities, and revenue streams driving this transformation.

Oracle Corporation (ORCL) - Canvas Business Model: Key Partnerships

You're looking at the core alliances that are fueling Oracle Corporation's aggressive push into the AI infrastructure market as of late 2025. These partnerships are not just marketing fluff; they represent massive, tangible commitments of capital and compute power.

NVIDIA for AI supercomputing and sovereign AI solutions

The relationship with NVIDIA is foundational to Oracle Cloud Infrastructure's (OCI) AI strategy. OCI now supports a massive scale-up, capable of handling up to 131,072 NVIDIA Blackwell GPUs. This integration embeds NVIDIA AI Enterprise directly into OCI, giving customers access to over 160 AI models and more than 100 NVIDIA NIM microservices right from the OCI Console. To power this, Oracle is reportedly investing around $40 billion specifically in NVIDIA's high-performance chips for these new data centers. To be fair, Oracle is also leaning on AMD, deploying 50,000 AMD Instinct MI450 Series GPUs starting in Q3 2026, which helps OCI compete by not being reliant on a single chip supplier.

Hyperscalers (Microsoft Azure, AWS, Google Cloud) for multicloud database services

Oracle's multicloud approach is a key differentiator, allowing customers to run Oracle databases directly within competitor data centers with low latency and no data transfer fees. This strategy is showing real results: revenue from these multicloud database clients grew 1,529 percent year-over-year in Q4 2025. You can see the physical footprint growing too. Oracle currently has 23 MultiCloud datacenters live, with another 47 being built over the next 12 months.

• Oracle Database@Azure interconnects in 12 regions.
• Oracle Database@Google Cloud interconnects in 11 regions.
• OCI IaaS revenue grew 52% in Q4 FY2025, reaching $3.0 billion.

AI/GenAI customers like OpenAI, xAI, Meta, and AMD for large OCI capacity deals

The sheer scale of the deals signed with major AI players is reshaping Oracle Corporation's financial outlook. The company reported a staggering $65 billion in new cloud commitments in a recent 30-day period. Overall, Oracle's Remaining Performance Obligations (RPO) surged to $455 billion in the quarter ending August 31, 2025. Oracle's FY2025 total revenue was $57.4 billion.

Here's a quick look at the headline commitments driving that RPO growth:

What this estimate hides is that the massive OpenAI deal is structured over the long term, meaning the revenue recognition is spread out, so you won't see the full $30 billion annually until FY28.

Global System Integrators (GSIs) and Oracle PartnerNetwork for implementation and managed services

The Oracle PartnerNetwork (OPN) is being actively incentivized to drive migration and adoption of OCI, especially for AI workloads. The enhanced OPN offers monetary incentives and Oracle Partner Credits that partners can redeem for added benefits. Partners are recognized for success in areas like Cloud Migration & Optimization, Application Modernization, and AI Acceleration, all contributing directly to OCI revenue growth.

Independent Software Vendors (ISVs) for running their applications on OCI

Oracle is focused on making OCI the platform of choice for ISVs, recognizing that third-party applications running on OCI drive consumption. The company specifically awards partners who deliver exceptional global impact through innovative solutions built on OCI, Fusion Cloud Applications, and Oracle AI capabilities. The overall cloud growth rate for Oracle is expected to jump from 24% in FY25 to over 40% in FY26, a success that relies heavily on the ecosystem of ISVs and GSIs building on the platform.

Finance: draft 13-week cash view by Friday.

Oracle Corporation (ORCL) - Canvas Business Model: Key Activities

You're looking at the core engine driving Oracle Corporation's current strategy, which is heavily weighted toward massive infrastructure build-out to support its AI and cloud commitments. This means a huge chunk of operating cash flow is immediately reinvested.

Massive global OCI data center expansion is the most capital-intensive activity. Oracle's Capital Expenditure (Capex) for Fiscal Year 2025 hit $21.21 billion. Some reports indicate the total FY25 Capex reached $54 billion, up nearly 100% from $27.4 billion in FY24, showing the sheer scale of the build. This spending is directly supporting the expansion of Oracle Cloud Infrastructure (OCI) and AI superclusters.

Research and Development (R&D) remains a significant focus area, underscoring the commitment to proprietary technology differentiation. Oracle's R&D expenses for 2025 were $9.86 billion, which represented 17.18% of revenue for the year. This investment fuels work on Autonomous Database and the integration of AI across the stack.

Developing and updating the Fusion and NetSuite Cloud ERP application suites is a major software activity. For Fiscal Year 2025, Fusion Cloud ERP revenue grew 22% year-over-year, and NetSuite Cloud ERP grew 18% year-over-year. The annualized revenue for Strategic Back Office SaaS Applications reached $9.3 billion, marking a 20% increase. NetSuite quarterly revenue alone hit $1.0 billion in Q4 fiscal 2025.

High-touch, large-contract sales and negotiation for cloud services is how Oracle monetizes this infrastructure. The company's total Remaining Performance Obligation (RPO), or backlog, crossed $500 billion. This includes a reported $300 billion compute deal with OpenAI. Furthermore, a single, unnamed customer agreement is expected to contribute more than $30 billion in annual revenue starting in fiscal year 2028.

Managing and operating a distributed cloud infrastructure involves scaling both public cloud regions and on-premises deployments. Larry Ellison stated OCI demand is doubling every year. To keep up, Oracle plans to double the number of Oracle Cloud@Customer dedicated data centers to at least 59 in fiscal 2026. Currently, there are 23 multi-cloud datacenters live, with 47 more being built over the next 12 months. Each OCI Dedicated Region offers over 200+ AI and cloud services.

Here's a quick look at the financial context surrounding these activities for FY2025:

The operational focus is clearly on rapid, capital-intensive infrastructure deployment to service these massive, long-term contracts. If onboarding for these large AI deals takes longer than expected, cash flow pressure definitely rises.

You should review the current utilization rates for the new GPU clusters against the pipeline growth for Q1 2026.

Oracle Corporation (ORCL) - Canvas Business Model: Key Resources

You're looking at the hard assets that power Oracle Corporation's current market position, especially as they aggressively scale their cloud footprint. These aren't just line items on a balance sheet; they are the engines driving the next few years of contracted revenue.

The foundation remains the Proprietary Oracle Database and Autonomous Database intellectual property. This technology is the crown jewel, and its value is being realized through multi-cloud adoption. MultiCloud database revenue, which lets customers run Oracle Database across other hyperscalers, grew by an incredible 115% from Q3 to Q4 of fiscal 2025.

Next, consider the physical footprint supporting this cloud push: the Global network of Oracle Cloud Infrastructure (OCI) data centers. As of Q1 FY2025, Oracle operated 162 cloud data centers globally, with plans to add 77 more cloud regions. To meet immediate, committed demand, they had 29 Oracle Cloud@Customer dedicated data centers live by Q4 FY2025, with another 30 planned for construction in FY26. Furthermore, their MultiCloud integrations were deployed across 23 hyperscaler cloud regions, with 47 more in development.

The visibility into future revenue is locked in the backlog. The Remaining Performance Obligations (RPO) backlog stood at $138 billion as of Q4 FY2025, representing a 41% year-over-year increase. Cloud RPO specifically grew by 56%.

Here's a quick look at some of the key operational and financial metrics that define these resources:

The intellectual capital is centered on the highly specialized engineering talent for cloud and AI development. While specific headcount isn't public, the demand for Cloud Engineers, Architects, and AI/ML Specialists is high, as Oracle continues to invest heavily in building out its AI infrastructure, including zettascale clusters with up to 131,072 NVIDIA Blackwell GPUs projected by the end of 2025.

The core Enterprise SaaS applications are a major component of the recurring revenue base. The Core Enterprise SaaS applications: Fusion ERP and NetSuite ERP are showing strong, accelerating growth. Oracle defintely uses these to lock in enterprise customers.

• Fusion Cloud ERP Q4 FY2025 Revenue: $1.0 billion, growing at 22%.
• NetSuite Cloud ERP Q4 FY2025 Revenue: $1.0 billion, growing at 18%.
• Fusion Cloud ERP Customer Base: More than 11,000 customers.
• NetSuite Customer Base: Over 38,000 or 40,000+ customers globally.

Finance: draft 13-week cash view by Friday.

Oracle Corporation (ORCL) - Canvas Business Model: Value Propositions

You're looking at the core reasons why enterprises are committing billions to Oracle Corporation right now. It's not just about the database anymore; it's about an integrated, high-performance cloud stack that directly addresses the massive compute needs of modern AI.

High-performance, low-cost cloud infrastructure (OCI) for enterprise workloads

Oracle Cloud Infrastructure (OCI) is showing serious acceleration, which is the key value proposition here-performance at a better cost structure. For the fourth quarter of fiscal year 2025, OCI (IaaS) revenue hit $3.0 billion, marking a substantial year-over-year increase of 52%. Overall OCI consumption revenue grew by 62% in that same quarter. Oracle projects this infrastructure growth rate to accelerate further in fiscal year 2026, aiming for over 70% growth. The annualized revenue run rate for OCI infrastructure services reached nearly $12 billion as of May 31, 2025. To support this demand, Oracle's capital expenditures for fiscal year 2025 were $21.2 billion, with projections to exceed $25 billion in fiscal year 2026, with the vast majority going to revenue-generating data center equipment. Demand for OCI is reportedly doubling every year. That's a lot of commitment to capacity.

Complete multicloud and hybrid cloud solutions (Cloud@Customer) for data residency

Oracle is uniquely positioning its infrastructure where the customer's data already lives, which is critical for data residency and sovereignty needs. Revenue from Oracle Cloud@Customer datacenters saw a massive year-over-year growth of 104% in Q4 FY2025. As of June 2025, there were 29 Oracle Cloud@Customer dedicated datacenters live, with another 30 planned for construction in fiscal year 2026, bringing the total to at least 59. The MultiCloud database revenue, which runs Oracle Database on rival hyperscalers like Amazon, Google, and Azure, grew by an incredible 115% from Q3 to Q4 of fiscal 2025. Oracle had 23 of these MultiCloud datacenters live as of that time, with 47 more being built over the following 12 months. Furthermore, OCI delivers key services on-premises via Exadata Cloud@Customer and Compute Cloud@Customer, managing deployments in over 60 countries. The newer OCI Dedicated Region25 option allows deployment in as few as three racks, addressing space-constrained environments.

Integrated, AI-driven Enterprise Resource Planning (ERP) and Human Capital Management (HCM)

The value here is integrating AI directly into the enterprise applications you already run your business on, reducing manual work and boosting insight speed. The strategic back office SaaS applications, which include ERP and HCM, reached an annualized revenue of $9.3 billion, showing a 20% increase. Looking specifically at Q4 FY2025:

This shows defintely strong, double-digit growth in the core ERP/HCM suite.

Autonomous Database for self-driving, self-securing, and self-repairing operations

This value proposition centers on drastically cutting administrative overhead while increasing reliability and security through automation. Oracle's Autonomous Database consumption revenue surged by 47% in Q4 FY2025, building on a 27% growth the previous year. Cloud database services overall reached an annualized revenue of $2.6 billion, up 31% year-over-year in Q3 FY2025. The Autonomous Database is marketed as eliminating routine tasks like tuning, patching, and scaling. Oracle's infrastructure revenue, bolstered by these self-tuning databases, surged 70% year-over-year in fiscal 2025.

Dedicated AI supercomputing capacity for large language model training

Oracle is offering massive, dedicated scale for the most demanding AI workloads, a direct response to the GPU scarcity for large model training. Oracle unveiled the OCI Zettascale10, claimed to be the largest AI supercomputer in the cloud, delivering up to 16 zettaFLOPS of peak performance. This system connects up to 800,000 NVIDIA GPUs across multiple data centers. This represents a sixfold increase in scale from their initial Zettascale cluster announced a year prior, which had 131,072 GPUs. The infrastructure is designed to power major AI efforts, including the Stargate supercluster being built with OpenAI. Furthermore, Oracle is also deploying zettascale AI clusters with AMD Instinct MI355X GPUs, offering up to 131,072 MI355X GPUs in a single cluster.

• OCI Zettascale10 peak performance: 16 zettaFLOPS.
• NVIDIA GPUs in Zettascale10: up to 800,000.
• AMD MI355X GPUs in OCI cluster: up to 131,072.
• GPU consumption for AI training in Q3 FY2025: more than tripled.

Oracle Corporation (ORCL) - Canvas Business Model: Customer Relationships

You're managing a massive installed base, and for Oracle Corporation, the relationship is fundamentally shifting from perpetual license sales to long-term cloud commitments. This transition dictates how they engage with every customer, from the largest Fortune 100 firm to a new cloud-native startup.

Dedicated Customer Success Services (CSS) for solution adoption and value realization

While specific CSS revenue or headcount figures aren't public, the focus on adoption is clear from the financial results. The company's Remaining Performance Obligation (RPO), which is essentially contracted future revenue, hit $138 billion at the end of fiscal year 2025, marking a 41% increase year-over-year. The Cloud RPO growth was even stronger at 56%. This massive backlog requires dedicated services to ensure customers realize the value and renew those long-term contracts. The sheer scale of the cloud business, with Total Cloud Services and License Support Revenue reaching $44.0 billion for fiscal year 2025, necessitates a robust success function to manage retention and expansion.

Long-term, high-value subscription contracts for cloud services (RPO indicates this)

The subscription model is the engine now, evidenced by the RPO growth. Cloud services arrangements generally have durations of one to four years, locking in that future revenue. The growth in consumption is telling: OCI Consumption Revenue was up 62% in Q4 fiscal year 2025. Furthermore, the Autonomous Database Consumption Revenue saw a 47% increase in the same quarter. These consumption metrics, backed by the $138 billion RPO, show customers are signing up for significant, multi-year commitments.

Here's a look at the financial scale underpinning these relationships:

Automated, self-service management for OCI and Autonomous Database users

Oracle is pushing autonomy to reduce the need for manual intervention, which directly impacts the day-to-day customer relationship. The goal is to make the platform run itself. While a 2019 prediction suggested that by 2025, 85% of customer interactions would be automated, the Autonomous Database growth up 47% in Q4 suggests strong adoption of these self-managing services. This automation is key for OCI users who expect built-in patching and security through tools like Autonomous Admin and Cloud Guard.

Direct sales and consulting for complex, large-scale enterprise migrations

For the largest migrations, especially moving legacy systems to OCI, direct engagement remains critical. The broader Oracle Consulting Services market in 2025 is estimated to be worth $15 billion. A massive portion of this consulting revenue stems from assisting companies in migrating their legacy systems to Oracle's cloud offerings. In specific regions like India, the company is acquiring about 40 plus new customer logos every quarter, with professional services contributing roughly 28% of that region's revenue. This indicates a significant, direct sales and implementation effort supporting large-scale enterprise adoption.

Community and developer support for OCI and open-source technologies

Support for developers and community engagement happens across several hubs. The My Oracle Support Community (MOSC) connects users of on-premise and marketplace products with technical specialists. The Oracle Analytics Community acts as a hub for users of analytics, data, and AI offerings. For open-source, the MySQL project had around 75 active contributors in 2025, down from a peak of 198 in 2006, showing a focused, albeit smaller, community effort around that specific technology.

The support structure is segmented by product focus:

• My Oracle Support Community (MOSC) covers Applications like ERP, HCM, and technologies like AI/ML.
• Oracle Analytics Community focuses on analytics, data, and AI offerings.
• The MySQL developer base is currently around 75 active contributors as of 2025.

Finance: review Q1 2026 budget allocation for partner enablement programs by October 15th.

Oracle Corporation (ORCL) - Canvas Business Model: Channels

You're looking at how Oracle Corporation gets its products and services into the hands of customers as of late 2025. It's a multi-pronged approach, heavily weighted toward direct engagement for the biggest deals, but increasingly reliant on partners and hyperscaler integrations for cloud scale.

Direct Sales Force for large enterprise and government contracts

Oracle Corporation continues to place significant emphasis on its direct sales force, both domestically and internationally, to secure major contracts. This channel is critical for landing the largest enterprise and government deals, especially those involving massive, multi-year cloud commitments. The scale of the business this channel supports is evident in the full fiscal year 2025 total revenue of $57.4 billion, with Cloud Services and License Support revenues reaching $44.0 billion for the same period. To streamline operations and integrate AI solutions, Oracle announced workforce reductions in late 2025, affecting over 3,000 employees globally, which likely included adjustments within the sales and marketing functions.

Oracle PartnerNetwork (OPN) for resale, consulting, and managed services

The Oracle PartnerNetwork (OPN) is a key distribution and implementation channel. OPN members, including systems integrators and managed service providers, are crucial for driving customer success and OCI adoption. The enhanced OPN program offers monetary incentives and Oracle Partner Credits to encourage joint go-to-market activities and success in cloud migration and AI acceleration projects. The success of the overall cloud strategy is reflected in the Q4 fiscal year 2025 Total Cloud Revenue (IaaS plus SaaS) hitting $6.7 billion, up 27% year-over-year, a growth that is significantly supported by this ecosystem.

Oracle Cloud Marketplace for third-party and ISV application distribution

Oracle Cloud Marketplace serves as the platform for third-party Independent Software Vendors (ISVs) to distribute their applications, which integrate directly with Oracle Cloud Infrastructure (OCI) and Oracle Cloud Applications. This channel expands the utility of the Oracle stack for customers. Oracle also launched the Fusion Applications AI Agent Marketplace in October 2025, designed to accelerate enterprise AI adoption through partner-built solutions.

Integration with rival cloud marketplaces (e.g., Microsoft Azure) for database access

Oracle Corporation has made its database offerings available directly within the infrastructure of its major rivals, a clear multicloud channel strategy. This includes services like Oracle Database@Azure, Oracle Database@Google Cloud, and Oracle Database@AWS. These interconnections are supported by high-speed links, such as partnerships with Microsoft Azure in 12 regions and Google Cloud in 11 regions, often with no data transfer fees for joint customers. This multicloud approach is showing results; multicloud database revenue from hyperscaler partnerships rose 92% in Q3 fiscal year 2025.

Online portal and free tier for OCI developer and small business adoption

Oracle uses its online portal to facilitate developer and small business adoption of OCI, often through a free tier offering. This self-service channel is vital for seeding future enterprise adoption. While specific user or consumption numbers for the free tier aren't public, the overall Infrastructure as a Service (IaaS) revenue growth points to broad consumption: Q4 fiscal year 2025 IaaS revenue was $3.0 billion, up 52% year-over-year.

Here's a quick look at the scale of the financial results driving these channel strategies for Oracle Corporation in fiscal year 2025:

Finance: draft 13-week cash view by Friday.

Oracle Corporation (ORCL) - Canvas Business Model: Customer Segments

You're looking at the core customer groups Oracle Corporation is serving as of late 2025, which directly fuels their massive Cloud And License Business segment revenue of $49.23 billion in fiscal year 2025.

Large Global Enterprises requiring mission-critical database and ERP systems

These are the bedrock customers, the ones running their core operations on Oracle Database and Fusion Cloud ERP. The sheer scale of this segment is evident in the overall financial results, where the Cloud Services and License Support revenue hit $44.0 billion for fiscal year 2025, growing 12% year-over-year.

The momentum is clearly in the cloud transition, with Oracle Cloud Application (SaaS) revenue for Q4 fiscal 2025 reaching $3.7 billion, up 12%. Specifically, Fusion Cloud ERP, a key offering for large enterprises, generated $1.0 billion in Q4 2025 revenue, marking a 22% increase from the prior year.

Mid-market and Small-to-Medium Businesses (SMBs) using NetSuite Cloud ERP

This group represents the high-velocity, mid-market segment that relies on the unified NetSuite platform. Oracle NetSuite Cloud ERP delivered $1.0 billion in revenue in Q4 fiscal 2025, showing a strong 18% year-over-year growth. This shows the platform is gaining serious traction with smaller, growing companies.

Here's a quick look at the scale of the NetSuite customer base:

• Over 40,000 customers globally.
• Serving businesses across 219 countries.
• Professional services firms account for almost 28% of the clientele.

Government and Public Sector entities needing sovereign cloud and data control

Securing government trust is a major strategic win, especially given the stringent data control requirements. Oracle has made significant inroads here, evidenced by high-profile partnerships, including contracts with the U.S. Department of Defense and the Department of Agriculture (USDA) for its STRATUS program. To accelerate this adoption, Oracle introduced a landmark General Services Administration (GSA) agreement in July 2025, offering federal agencies discounts of up to 75 percent off on license-based software and cloud services through November 2025.

AI/ML Startups and Hyperscalers needing massive GPU capacity for model training

This is the high-growth, infrastructure-heavy segment driving Oracle Cloud Infrastructure (OCI) acceleration. The demand is insatiable; Oracle reported that OCI consumption revenue surged by 115% in Q4 2025. This segment includes massive commitments, such as the ongoing partnership with OpenAI on a project expected to involve over $500 billion in data center infrastructure spending over five years. Furthermore, a single, unnamed customer signed an agreement expected to contribute more than $30 billion in annual revenue starting in fiscal year 2028.

Independent Software Vendors (ISVs) building and hosting their SaaS products

ISVs are increasingly building their Software-as-a-Service offerings on Oracle Cloud Infrastructure, often leveraging the multi-cloud strategy where Oracle places its infrastructure inside rival hyperscalers' data centers. This strategy supports ISVs needing low-latency access to Oracle databases. The overall Cloud Infrastructure (IaaS) revenue for Q4 fiscal 2025 hit $3.0 billion, growing 52% year-over-year, which directly reflects the capacity being consumed by these application builders.

You can see how the major revenue drivers stack up across the key segments:

Finance: draft 13-week cash view by Friday.

Oracle Corporation (ORCL) - Canvas Business Model: Cost Structure

The Cost Structure for Oracle Corporation is heavily weighted toward capital-intensive investments supporting its aggressive cloud and artificial intelligence (AI) expansion strategy. This structure reflects a shift from traditional software licensing costs to the massive operational and capital outlays required to compete in the hyperscale infrastructure market.

Capital Expenditures (Capex) for data center build-out represents the single largest visible cost driver, reflecting the physical foundation of Oracle Cloud Infrastructure (OCI). For the full fiscal year 2025, Oracle's capital expenditure totaled $21.215 billion, a significant increase from the $6.87 billion spent in FY2024. This spending is directly aimed at expanding AI data centers and acquiring necessary hardware.

High R&D costs for cloud, AI, and application development are essential to maintain feature parity and competitive advantage, especially in AI. Oracle's Research and Development expenses surged to $9.86 billion in fiscal 2025. This investment represented approximately 17.18% of the total revenue for the year.

The Cost of Revenue for Cloud Services is embedded within the overall cost structure, though specific line-item detail for power, cooling, and depreciation is often aggregated. What we see clearly is the resulting profitability: Fiscal year 2025 GAAP Operating Income was $17.7 billion on total revenues of $57.4 billion. Cloud Services and License Support Revenue for the full year reached $44.0 billion.

Sales and Marketing expenses are scaling up to support the global cloud sales force expansion necessary to capture the massive Remaining Performance Obligations (RPO) backlog. For the third quarter of fiscal 2025, Sales and Marketing expenses were reported at $2,119 million, representing 15% of that quarter's revenue.

Non-GAAP adjustments frequently exclude significant non-cash or non-operational items to show core performance. For the three months ended August 31, 2025 (Q1 FY2026 context), the following were excluded from GAAP results:

• Stock-based compensation expense adjustment: $1,124 million
• Amortization of intangible assets: $420 million

To be fair, these adjustments are key for understanding management's view of ongoing operational costs, but they definitely recur in future periods.

Oracle Corporation (ORCL) - Canvas Business Model: Revenue Streams

You're looking at how Oracle Corporation actually brings in the money as of late 2025. It's all about the subscription lock-in now, which is clear when you see where the big dollars land.

The single largest component of Oracle Corporation's revenue structure is the combined offering of Cloud Services and License Support. For the full fiscal year 2025, this segment generated $44.0 billion. This massive figure shows the stickiness of their existing customer base renewing support contracts alongside new cloud consumption.

The growth engine right now is definitely the infrastructure side. Cloud Infrastructure (IaaS) Subscriptions, which is Oracle Cloud Infrastructure (OCI), saw its revenue grow by 52% in the fourth quarter of fiscal year 2025. That kind of acceleration in infrastructure spend is what CEO Safra Catz pointed to when discussing dramatically higher growth rates expected for fiscal year 2026. Overall OCI consumption revenue in that quarter grew even faster, leaping 62%.

The application side, Cloud Application (SaaS) Subscriptions, is also performing well, though at a lower overall growth rate than IaaS. For Q4 FY2025, total SaaS revenue hit $3.7 billion, up 12% year-over-year. This is powered by the core enterprise applications you know well:

• Fusion Cloud ERP (SaaS) Revenue for Q4 FY2025 was $1.0 billion, growing 22%.
• NetSuite Cloud ERP (SaaS) Revenue for Q4 FY2025 was $1.0 billion, growing 18%.

To give you a clearer picture of the scale across the major cloud buckets for Q4 FY2025:

The legacy business, while slowing, still contributes significant, predictable cash flow. Cloud License and On-premise License revenue for the full fiscal year 2025 was $5.2 billion. This segment showed slower growth, up only 2% in USD for the full year.

Finally, the Services Business Revenue, which covers consulting and support that isn't bundled into the main license support line, was reported at $5.23 billion for fiscal year 2025. [cite: Required Outline Figure] This revenue stream helps with implementation and adoption, which is critical for securing those long-term cloud contracts. The total Remaining Performance Obligation (RPO) across all these streams ended FY2025 at $138 billion, up 41% year-over-year.

Finance: draft 13-week cash view by Friday.