Raimo Lenschow's questions to Oracle Corp (ORCL) leadership • Q4 2025
Question
Raimo Lenschow of Barclays asked about the Applications business, highlighting the strong 22% growth in Fusion and the accelerating outlook, which he felt was underappreciated amid the OCI excitement.
Answer
CEO Safra Catz explained that the underlying strength of strategic SaaS products like Fusion and NetSuite is now more visible. She noted that customers must move to the cloud to access advanced AI capabilities. CTO Lawrence Ellison added that Oracle is winning large, 'all-Oracle' suite deals as customers seek to avoid the complexity of integrating products from multiple vendors. He also cited wins against competitors who have struggled with their own cloud transitions.