Ed Ludlow

But Oracle's got a very big debt pile.

And the one metric we're looking at, negative free cash flow, expected to be almost $6 billion in the quarter.

Let's preview, let's discuss.

Siti Panegrahi, Managing Director, Senior Analyst at Mizuho, covering SaaS, but also covering Oracle.

This is the equation.

We want to see growth in the cloud division, OCI in particular.

But in the background, there's that stat, Oracle swinging to negative free cash flow for the first time since 1992.

Remind us what your price target and call is on the stock, and then how you feel about that stat.

Right.

I've been trying to learn as much as I can about how this world works, CT.

Remaining performance obligation, RPO, is a term that gets bandied around all the time.

But basically, it's a backlog, right, of business.

500 billion as it stands.

As Bloomberg's reported it, quite a lot of that is open AI.

Now, in the future, if something happens and a deal falls through, often in the contracts, there's some kind of penalty for cancellation or severance.

But the question's still out there.

How do we know that OpenAI in particular is good for it?

That they'll be able to actually front up on the projects that they're committed to?

Seedy, we just have less than a minute here.

Do you like this co-CEO structure and the leadership of Oracle?