| Segment | Value | % of Price | Type |
|---|---|---|---|
| Net Cash | $5 | 3% | auditable |
| Oracle Cloud Infrastructure (OCI) | $75 | 43% | anchored |
| Cloud Applications (Fusion, NetSuite, Cerner) | $58 | 33% | anchored |
| License & On-Prem Support | $28 | 16% | anchored |
Anchored: $160/sh (91%) · Speculative: $0/sh (0%)
Can OCI sustain 50%+ growth as the base gets larger?
OCI is Oracle's strategic bet on cloud infrastructure, differentiated by Gen2 architecture optimized for AI training and Oracle Database workloads. The multi-cloud Azure partnership turns a competitor into a distribution channel.
Oracle's cloud apps business benefits from a massive on-prem migration tailwind — 400K legacy customers each representing multi-year cloud conversion revenue.
Oracle's license support is one of the most profitable businesses in technology. Even declining 3-5% annually, it generates massive cash flow that funds cloud investment.