Oracle founder and CTO Larry Ellison capped the company’s fourth fiscal quarter earnings this week with yet another tirade deriding enterprise resource planning (ERP) rival SAP.

“SAP, the leader in on-premise ERP, never rewrote their ERP system for the cloud. This has caused hundreds of customers to abandon SAP and migrate to Oracle Fusion ERP,” he said, during the company’s Q4 earnings call Tuesday, according to a Seeking Alpha transcript. “Oracle is taking massive amounts of share away from SAP ERP. It’s crucial to our future.”

Last quarter, SAP CFO Luka Mucic asserted his firm had “not lost a single ERP customer to Oracle,” a claim that at the time set Ellison off on a lengthy rant in which he “presented” more than 100 companies that had in fact ditched SAP for Oracle.

“We almost never lose a competitive ERP deal in the cloud, virtually never,” Ellison boasted.

Rather than revisiting that list, Ellison instead shed some light on the company’s Fusion and NetSuite ERP product performance, which he claimed were each $10-billion-plus businesses in their own right. New customers, particularly those migrating from SAP products, drove roughly 60% of ERP sales during the fourth quarter, Ellison said.

“We think that trend is actually going to accelerate in favor of new customers because the SAP migration phenomena is relatively recent in the last 12 months,” he said. “Over the coming months, several more major banks and utilities and a lot of other companies will complete their Oracle Fusion implementation projects and go live on Fusion ERP."

Ellison also took the opportunity to throw some shade on the company’s public cloud rivals, while talking up Oracle Cloud Infrastructure.

“OCI has, by far, the best cost performance of any infrastructure hyperscaler. ... That’s why so many service providers, like Zoom, have chosen to expand into OCI,” he said.

Ellison credited Ampere’s Altra CPUs for helping to drive down the cost of cloud computing. “Our new Arm microprocessors from technology partner Ampere delivers much better compute cost performance than either Intel or AMD, and by far the lowest energy usage of any server microprocessor in the world,” he said.

He added that roughly half of OCI workloads are running Oracle databases, while the other half is made up of a mix of general compute, simulation, and other non-database tasks.

“We have actually a pretty balanced portfolio right now,” he said.

Oracle’s revenues grew 8% year over year to $11.2 billion during the fourth fiscal quarter of 2021.

“We had a fantastic quarter with revenue nearly $200 million above my guidance. Q4 is really a story of every product, every region, and every metric exceeding expectations,” Oracle CEO Safra Catz said, according to a transcript.

Strong adoption of Fusion, Oracle Autonomous Database, and OCI drove revenues up 8% year over year to $7.4 billion during the quarter. Meanwhile, application subscription revenues grew 11% during the same period to $3 billion.

Despite the strong quarter, Oracle’s stock price dipped 5% after the company’s earnings per share narrowly missed analyst expectations.

In a note, Jefferies called out Oracle’s earnings as encouraging but warned that the apparent strength during the quarter was likely bolstered by improving COVID-19 conditions and seasonality.

Looking to the future, Catz expects the company to grow faster in fiscal 2022, with Q1 revenue growth in the mid-single digit range.