Technically correct.

There is a difference, though, between maximising profit and delivering value for everyone.

A corner store is technically optimising for profit, but they also ensure value so that you don't go elsewhere.

Oracle does more of the former, they maximise profit above what the value is.

You could ask then "Who are there customers, surely someone has value", which is a valid claim but I would put hard money on: a lot of Oracle customers used to have value but are now just being squeezed hard.

Maybe a minority actually get a good value out of them though.

A lot of startups use Netsuite and get squeezed hard for it, and a lot of enterprises use Oracle DB and get squeezed hard for it. Oracle doesn't need to "ensure value" to prevent you from going elsewhere; vendor lock-in works just fine.