On Wednesday, Oracle Corp (NYSE:ORCL) said that the fears of a broader SaaS slowdown have largely faded among its enterprise customers.
The company's shares have fallen about 9.75% over the past six months.
Oracle pushes back On SaaS slowdown fears During Oracle's fiscal 2026 fourth-quarter earnings call, CEO Mike Sicilia said concerns about the "SaaS apocalypse" had caused some customers to delay decisions a few quarters ago, but that sentiment has changed.
"People have quickly moved on to that," Sicilia said, referring to fears that enterprise software spending would sharply weaken.
He added that Oracle's customers increasingly view AI-enabled software as essential for modernization and business protection.
