Azul posts strong FY26 and looks forward to more success

Looking at those market sectors, Azul says that they all have a similar profile and requirements. They are heavily regulated, which requires systems that meet multiple compliance requirements. They are also demanding in terms of performance and are mission-critical.

Scott Sellers, Co-Founder and CEO of Azul, said, “FY26 was a defining year for Azul as enterprises increasingly relied on our platform to run Java with greater performance, predictability and cost control in complex, cloud-first environments.

“Our momentum reflects strong customer adoption, rapid innovation across our product portfolio and exceptional execution in our go-to-market strategy that positions Azul for continued strong growth and leadership as global enterprises demand best-in-class Java solutions.”

What else drove FY26?

It is too simplistic to credit a surge in customer wins as a result of Oracle’s continued assault on pricing and licensing. In FY26, the company has released new tools that have seen significant customer uptake. The two biggest boosts came from the introduction of JVMI (JVM Inventory) in April 2025 and the ability of Prime Optimizer Hub (September 2025) to scale massively.

Customer wins, and reports have also been positive. Sasol moved from Oracle to Azul because it wanted lower costs and higher reliability. It’s Java applications support R122,4 billion ($13,5 billion) in annual revenue. This was a major win for Azul.

Another customer, Auzgrid, Australia’s largest electricity distributor, eliminated its exposure to Oracle Audits. It migrated its Java applications to the Azul Platform Core. The project reduced its Java licensing costs by 80%, and the firm also saw a 99% reduction in vulnerabilities across its IT environment.

Additionally, independent studies have shown significant savings for customers, which has helped attract new business. The company released the latest Forrester Total Economic Impact (TEI) study in March. The commissioned study found organisations using Azul Prime saw a 129% ROI and a $5.7 million NPV over three years.

Partner programmes and alliances have also played a major role in the last year. In September, it announced its TAP (Technology Alliance Partner) Programme. It signed up a number of companies, and that has helped drive business.

But this is not just about organic growth. In November, Thoma Bravo took a stake in Azul. Shortly after, it announced the acquisition of Payara.

Enterprise Times: What does this mean?

Azul is on a roll. FY25 was an outstanding year, and that has rolled into FY26. Importantly, success is not restricted to any one part of the business. Products, customers, partners and alliances all contributed.

What will be closely watched is the impact of that Thoma Bravo investment on future acquisitions. Payara will not be the last. Thoma Bravo has a reputation for letting its investments grow through acquisition, provided it is backed by a business plan. That’s important. With the rapidly changing face of technology, it is no longer viable to buy market share and hope that it will result in growth.

On the new product front, it will be interesting to see what the company targets next. It is generally cagey about customer feature requests. However, performance, scale and security are safe bets for any future product launches.

If FY27 is as successful as the last two years, the question will be, when will we see an IPO?

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