Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.
In this episode, Bob shares remarks from Larry Ellison during the recent earnings call about Oracle’s Q1 results and cloud business growth rates.
Highlights
00:17 — Larry Ellison has had a long-standing commitment to moving Oracle’s whole portfolio to the cloud. Bob considers the reports of Oracle’s Q1 cloud revenue to be Ellison’s revenge, as many had thought Oracle had been late to the cloud while Ellison had a greater idea.
01:07 — During Oracle’s earnings call, Ellison made remarks regarding Oracle moving towards a $20 billion annualized run rate.
01:52 — In the next quarter, Oracle will be announcing major brand names whose products are sold on Amazon. While those products are currently running on AWS, they will be moved to Oracle Cloud.
02:16 — Oracle is in a unique position to not only offer cloud infrastructure but also offer applications. Additionally, the company is working to get its databases available to run on any cloud, allowing customers to have more options.
03:08 — Tokyo Stock Exchange is a new customer and is now running more than half of its trades on Oracle Cloud Infrastructure.
03:34 — Although Microsoft, AWS, and Google Cloud have greater cloud revenues, the rate of Oracle cloud business growth is growing by more than 45%, close to 50%.
