Oracle

AI will improve software: Oracle's Larry Ellison rejects 'SaaS apocalypse'

Oracle co-founder Larry Ellison has dismissed fears that artificial intelligence (AI) will kill the traditional software industry, saying it will instead let companies build complete, ready-to-use applications for entire industries that need no training and can be switched on without lengthy installations. Speaking at Oracle AI World here, Ellison, the company's executive chairman and chief technology officer, rejected talk of a "SaaS apocalypse", in which businesses would use AI to build their own applications instead of buying software-as-a-service (SaaS) products. "I don't think that's quite true. I think companies will continue to build applications, but they will be quite different because of AI. They will be much, much better," he noted. Business software has so far never been fully finished for any one industry, Ellison said. A hospital, bank or hotel using even the best commercial products has had to build its own extensions or connect applications from other vendors. "Beca

India among Oracle NetSuite's highest-priority markets: Asia head Suxena

India is one of Oracle NetSuite's highest-priority markets, a senior company executive said, adding that small Indian businesses, especially those outside the big metros, are increasingly using artificial intelligence (AI) and cloud to expand into new states and, in some cases, overseas. Speaking to PTI on the sidelines of Oracle AI World, Amit Suxena, group vice president and head of Asia at Oracle NetSuite, an AI-native business management platform, said momentum among Indian businesses had been growing over the last four to five years. "One of the biggest advantages India has is that we have a young population which is actually now native to using cloud and AI, which means that India is not burdened like some of the other mature economies where they like to use legacy systems," Suxena said. He said technology was narrowing the gap between small firms and large companies, letting smaller businesses grow beyond the city they started in. "Overall, from a business perspective, I'm .

Larry Ellison pledges $9.2 billion more in Oracle shares for loans

The share pledges, revealed in an Oracle filing on Friday, amount to a 19% increase in the number of shares Ellison has pledged since 2025. The stock is worth about $9.2 billion

Oracle job cuts hit middle managers, workers over 40 in cloud unit

Middle managers and employees aged 40 and above reportedly bore a significant share of Oracle's latest layoffs in its cloud infrastructure unit

OFSS shares crack 7%; what's spooking Nifty IT's best-performing stock?

As of Friday's close, OFSS shares are up 55 per cent on a year-to-date (YTD) basis, making it the best-performing stock in the worst-performing Nifty IT index.

12 yrs of sacrifices & locked login: Wife's LinkedIn post on Oracle layoffs

He worked through Holi and Diwali, birthdays and anniversaries, stayed on call during vacations and even logged in from a hospital while his wife underwent surgery. After 12 years at Oracle, Pooja Sahu said her husband, Sourabh, found himself among those impacted by the technology giant's latest layoffs. The most painful part, perhaps, was that he found out he had lost his job when he could no longer log into his work system. "This post is for everyone who works day and night to provide for their families, especially amid visa uncertainty, yet still gives their best every day," she wrote. Sahu's account is among a wave of emotional posts that have surfaced on social media over the past hours around the latest job cuts at Oracle, with employees, their relatives and friends penning accounts of sudden exits, uncertainty, and careers suddenly upended. The individuals concerned could not be reached immediately, and the personal accounts shared by family members and friends could not be

Oracle begins fresh layoffs as AI infrastructure spending keeps rising

Oracle has begun another round of layoffs after its workforce fell by 21,000 in financial year 2026, as the software giant ramps up spending on AI data centres and infrastructure

Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion

Oracle co-founder Larry Ellison cancelled a plan to sell up to 50 million shares worth about $7.5 billion, saying no shares were sold under the plan

From Oracle to Amazon: Tech giants drive global wave of layoffs in 2026

More than 128,000 tech jobs have been cut globally in 2026, surpassing last year's total, as companies including Oracle, Amazon, Dell and Uber restructure and boost AI spending

Oracle to cut jobs again as AI boom drives a costly infrastructure race

Oracle is cutting costs even as its cloud business grows rapidly, as debt-funded AI infrastructure spending puts pressure

Oracle Financial zooms 92% from March low; what's driving stock price?

In the past three months, OFSS stock outperformed the market by surging 65 per cent, as compared to a 0.52 per cent rise in the BSE Sensex.

Datanomics: India second hardest hit as AI-driven tech layoffs accelerate

Oracle joins a growing list of tech firms cutting jobs as AI adoption accelerates, with 2026 layoffs already surpassing the total recorded in 2025

Oracle cuts 21,000 jobs in 12 months, cites AI-driven workforce changes

The company's global headcount shrank to 141,000 full-time employees as of the May 31 end of the fiscal year, compared with 162,000 a year earlier

Oracle to train 300k youth across UP in AI, cloud, cybersecurity by 2029

Oracle on Monday announced a partnership with Uttar Pradesh State Skill Development Mission (UPSDM) to deliver skills training in AI, cloud, cybersecurity and data science to three lakh students and professionals by 2029. The move aims to bolster employability and support career growth, while building a future-ready talent pool for an innovation-led economy. Oracle's collaboration with UPSDM will deliver skills training in AI, cloud, cybersecurity, and data science to 3,00,000 students and professionals by 2029, the cloud computing company said in a release. It entails over 300 hours of structured learning paths across Oracle Cloud Infrastructure (OCI), OCI Enterprise AI, OCI Data Science, Oracle APEX, OCI DevOps, and Oracle Security. "The program will be delivered for free as a digital learning experience through UPSDM's Oracle MyLearn, which is a comprehensive training and enablement platform from Oracle University that is used by millions of trainees around the world," the compa

TCS launches India's first Oracle AI Data platform lab in Kolkata

Tata Consultancy Services on Friday launched India's first Oracle AI Data Platform Lab and Centre of Excellence (CoE) here to help enterprises accelerate adoption of artificial intelligence and data-driven transformation. The facility at Delta Park Lords in Kolkata has been set up in collaboration with Oracle and will support customers in addressing challenges such as fragmented data systems, slow analytics cycles, limited AI scalability and operational inefficiencies, the IT major said. TCS said the lab will leverage Oracle AI Data Platform, which combines Oracle Cloud Infrastructure, Oracle Autonomous AI Database and OCI Enterprise AI, to help organisations make enterprise data AI-ready and deploy AI-powered applications and automation at scale. The IT services major also plans to establish similar Oracle AI Data Platform Labs and Centres of Excellence in four more Indian cities over the next three years, a statement said. "The facility is designed to accelerate the journey from

OFSS jumps 6% to 15-month high, up 60% from March lows; buy, sell or hold?

Share price of Oracle Financial Services Software, a majority-owned subsidiary of Oracle, rallied 6% to ₹10,000.50, its highest level since January 24, 2025, on the BSE in Tuesday's intra-day trade.

Oracle Financial Services bucks IT rout in CY26; rises 16% while peers fall

Analysts believe OFSS's outperformance is underpinned by relatively sustainable revenue growth, sharp margin expansion, operating leverage, and AI-driven productivity gains

Dividend stocks: Oracle Financial Services, 7 others go ex-date next week

Upcoming dividend stock list: Here is the complete list of stocks that will remain in the spotlight next week following their dividend announcements to shareholders as they trade ex-dividend

Oracle Financial Services jumps 7% after posting Q4 results; PAT up 30% YoY

In Q4, Oracle Financial Services recorded a net profit of ₹841.7 crore, up 30 per cent from ₹644 crore a year ago. On a sequential basis, profit was up 38 per cent.

Oracle names Schneider Electric's Maxson as CFO amid soaring AI spending

Doug Kehring will step down as Oracle's principal financial officer following the appointment and will return to focusing on the company's go-to-market operations