Oracle (NYSE: ORCL) was among the hardest hit during the SaaS AI-disruption fear sell-off, but its bottom is in, and a robust rebound lies ahead. While Oracle is a Software-as-a-Service (SaaS) stock, it is not an SaaS play, having invested heavily in the cloud and AI. Today, Oracle is a hybrid SaaS/IaaS (Infrastructure-as-a-Service) company, with services spanning sectors and verticals. Among the critical details is its multicloud capability, including deals with all major hyperscalers, which opens them as revenue streams even while Oracle competes directly with them.
A key component of the strategy is portability. With Oracle in place, operators can easily move data from one cloud to the next, accessing it when and where they like, without the cumbersome duplication that underpins costs and ties up CPU and GPU capacity. For regular folks, Oracle’s database and accompanying services are ubiquitous and can be used natively, on one of Oracle’s own clouds, or at the cloud of choice.
