By Adam Levine

Oracle will give analysts a window into what's going on inside the tech fixture at afternoon-long session Thursday.

The topics will range from Oracle's legacy software to its newer cloud offerings. And the company is expected to release its long-term revenue and profit targets now that a new $300 billion multiyear contract with OpenAI is in the books.

Salesforce stock was up 4.6% after sharing its long-term outlook yesterday, and Oracle shares could get a similar boost from a successful meeting.

Oracle has a range of software that it sells to enterprise customers, starting with its longstanding database products. But the company sells much more than that now, including an electronic health records platform with the 2022 acquisition of Cerner.

Like Microsoft did, Oracle is moving customers from software installed on their own servers to the cloud -- managed by Oracle. Oracle gets steady subscription revenue, and customers reduce their operational expenses as well as the risk of hacker intrusions and other costly mistakes.

In Oracle's first quarter, reported in early September, cloud software revenue was up 11% from 2024. More than likely, analysts will hear about long-term projections at the meeting.

But cloud software isn't the fastest-growing part of Oracle's cloud strategy.

Oracle Cloud Infrastructure, which rents out AI servers in the cloud, is the company's competitor to Amazon Web Services, Microsoft's Azure, and Google Cloud. It's smaller than those others, but that also leaves more room for growth, with demand still seemingly insatiable. OCI revenue was up 55% in the first quarter.

But future OCI growth looks largely dependent on the OpenAI contract, and it remains to be seen if OpenAI can find the funding to fulfill its end of the bargain. Oracle's long-term sales projection will likely have that $300 billion baked in.

Write to Adam Levine at adam.levine@barrons.com

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October 16, 2025 12:20 ET (16:20 GMT)

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