Don’t agree with SaaS apocalypse: Oracle CEO confirms using AI to offer better customer solutions

Oracle has just posted its Q3 FY2026 results, impressing critics and experts alike. The software company has exceeded both revenue and earnings expectations. These results have helped Oracle to brush off investor concerns regarding Oracle’s multi-million dollar push into AI computing.

During the earnings call, the Oracle CEO spoke about the widespread concerns of AI tools hurting software companies. The term “SaaS-apocalypse” has been trending across financial markets and investor circles for weeks. The term became popular after Anthropic released its Claude Cowork AI platform in late January. Following its launch, nearly $300 billion in global software market value was erased.