FinanceTechRadarabout 2 hours ago
Oracle CEO: AI Accelerates, Doesn't Replace Software
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Oracle co-CEO Mike Sicilia stated on the company's first fiscal 2027 earnings call that AI is an accelerator, not a replacement for packaged applications. He argued enterprise software provides standardized processes AI cannot replace, but AI agents can automate tasks within existing workflows. Oracle plans to add an agentic AI accelerator next month. Overall software revenue fell 3%, while cloud revenue grew 60%.
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