甲骨文预计，随着其将人工智能嵌入企业软件套件，来自现有应用客户的收入将会增加。甲骨文应用开发执行副总裁克里斯·莱昂内周三在“大红”投资者日上表示，甲骨文将在订阅模式之上叠加基于使用量的收入。他说：“AI在我们的系统中完成的工作越多，我们看到的收入就越多，因为随着这些工作的完成，客户在消耗AI单元。我们现在无需增加更多席位就能创造更多收入。”
Oracle expects to earn more from existing application customers as it embeds AI in its enterprise software suite. Speaking at Big Red's investor day on Wednesday, Chris Leone, executive veep of application development, said Oracle will layer usage-based revenue on top of its subscription model. “The more work that gets done by AI in our system, the more revenue we will see because they're consuming AI units as that work is getting done. We don't have to add more seats in order for us to now generate more revenue,” he said.
本月早些时候，甲骨文公布了其Fusion Claw运行时，旨在帮助客户控制实现业务流程自动化的AI智能体。该产品面向运行在甲骨文云基础设施（OCI）上的云端Fusion应用中的ERP、财务和供应链管理。客户将为甲骨文应用内完成的更多工作付费，莱昂内表示，Fusion Claw还将使Fusion之外完成的工作实现自动化。在甲骨文承诺获得更多收入、客户面临更高账单之际，该公司正试图在争夺AI市场份额的过程中，就自身的支出、借贷和收入安抚投资者。
Earlier this month, Oracle revealed its Fusion Claw runtime, designed to help customers control AI agents that automate business processes. It targets ERP, finance, and supply chain management in cloud-based Fusion applications running on Oracle Cloud Infrastructure (OCI). Customers will pay for more work done inside Oracle applications, and Leone said Fusion Claw will also automate work done outside of Fusion. The promise of more revenue for Oracle, and higher bills for customers, came as the company sought to reassure investors about its spending, borrowing and revenue as it chases a share of the AI market.
甲骨文正以负现金流和借贷为数据中心的大举支出提供资金。OCI将承载大型语言模型开发商，尤其是OpenAI，同时承载其自身客户的工作负载。甲骨文在截至5月的2026财年于数据中心和云基础设施上支出557亿美元，并计划在2027财年支出900亿至950亿美元。这将需要更多债务。2027年，甲骨文希望在2025年9月筹集的180亿美元债务之外，再通过债务和股权筹集约400亿美元。
Oracle is funding a datacenter spending spree with negative cashflow and borrowing. OCI is set to host large language model builders, notably OpenAI, alongside its own customers' workloads. Oracle spent $55.7 billion on datacenters and cloud infrastructure in fiscal year 2026, which ended in May, and plans to spend between $90 billion and $95 billion in fiscal 2027. That will require more debt. In 2027, Oracle hopes to raise around $40 billion in debt and equity, on top of the $18 billion in debt it raised in September 2025.
在本周发给投资者的一份通知中，甲骨文表示，预计2030财年收入为2250亿美元，较2026年复合年增长率为35%。该公司预计到2028财年下半年实现正现金流，资本支出将在下一财年下降。投资者反应积极。
In a notice to investors this week, Oracle said it expects fiscal 2030 revenue of $225 billion, a compound annual growth rate of 35 percent from 2026. It expects positive cash flow by the second half of fiscal 2028, with capital spending falling the following financial year. Investors reacted positively.
甲骨文联席首席执行官迈克·西西利亚还告诉股东，公司将利用人工智能帮助实施其软件，他称这一计划与将人工智能嵌入软件本身同样重要。他表示，人工智能将缩短实施时间，加快现有客户和新客户迁移至OCI，并提升收入。“本地客户现在可以利用人工智能工具集自动化迁移，降低实施成本和时间，从而更轻松地迁移到云端。他们不必是甲骨文客户，也可以是竞争对手的客户。”
Oracle co-CEO Mike Sicilia also told shareholders the company will use AI to help implement its software, a plan he called as important as putting AI in the software itself. He argued AI will cut implementation time, bringing existing and new customers to OCI faster and boosting revenue. "On-premises customers can now move far more easily to the cloud by leveraging the AI tool sets to automate migrations and decrease the cost and time to implement. They don't have to be Oracle customers; they can be competitive customers."
西西利亚表示，企业应用软件用户不愿改变一直是甲骨文的一大“逆风”，他希望人工智能能缓解这一问题。“我们庞大的本地客户群将很快开始采用这项技术。当我们将客户从本地迁移到云端时，收入会出现倍数增长。”他说。®
Sicilia said enterprise application software users' reluctance to change had been a major "headwind" for Oracle, one he hopes AI will ease. "Our large remaining base of on-premises customers are going to start to adopt this technology quite quickly. When we move customers from on-premises to cloud, we see a multiple increase in revenue," he said. ®