Oracle says AI will save it from the SaaSpocalypse, not bring it on

Oracle has argued AI will strengthen its applications business, by giving customers new ways to use software and making them easier to implement. Co-CEO Mike Sicilia decided to defend applications in his first remarks on Oracle’s Q1 FY 2027 earnings call. “The introduction of AI is an accelerator, not a replacement for packaged applications,” he argued. “Before AI came along, application suites had already proven their effectiveness. Companies have been able to increase t