Oracle reported QQ2 2025 revenue of $14.059 billion, up 8.64% year-over-year and 5.65% quarter-over-quarter, underscoring continued demand for Oracle’s cloud and license-based products within the technology infrastructure software space. Gross margins remained robust at 70.9%, delivering a 30.0% operating margin and a 22.4% net margin, with diluted EPS of $1.10 and GAAP EPS of $1.13. The quarter’s profitability benefited from a favorable mix of software licenses and cloud offerings, even as near-term cash flow faced pressure due to continued heavy investments in cloud infrastructure and related intangibles. Free cash flow was negative at approximately -$2.67 billion, driven by capex of about $3.97 billion and working-capital dynamics, while cash and cash equivalents stood at ~$10.94 billion. The balance sheet remains asset-rich but shows elevated leverage, with total debt around $88.62 billion and net debt of about $77.68 billion. Deferred revenue stood at ~$9.43 billion, highlighting the recurring revenue base and future cadence of recognized revenue. In the near term, investors should monitor execution in Oracle Cloud Infrastructure (OCI) initiatives, operating margin progression, and the trajectory of free cash flow as capital investments normalize. Given the absence of explicit quarterly guidance in the provided materials, the outlook hinges on cloud adoptions, AI-driven workloads, and the company’s ability to convert profitability into cash generation over time.