Welcome to the Cloud Wars Minute — your daily cloud news and commentary show. Each episode provides insights and perspectives around the “reimagination machine” that is the cloud.
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In today’s Cloud Wars Minute, I review the Cloud Wars Growth Chart, showing the relative growth rates of the Cloud Wars Top 10 companies from Q1.
Highlights
00:53 — Google Cloud reached 28% growth for Q1, ending March 31 at $9.6 billion. Sundar Pichai, CEO of Alphabet, hinted that he thinks the growth rate will continue to grow through the end of the year and that by Q4, Google Cloud will be at a $50 billion run rate.
01:40 — Oracle and ServiceNow are both at a 25% growth rate. Oracle cloud revenue for the period, ended February 29, is $5.1 billion. ServiceNow is tracking at $2.52 billion with its quarter ended March 31.
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02:25 — SAP came in fourth with a 24% growth rate and $4.3 billion in cloud revenue for the period. Microsoft reached a 23% growth rate with revenue totaling $35.1 billion. Next is Workday at 18% growth with subscription revenue of $1.8 billion.
03:23 — AWS landed seventh in the ranking, securing a 17% growth rate and $25.1 billion in revenue. Next is Salesforce with $9.3 billion in revenue after a declining growth rate at 11%.
04:43 — IBM didn’t disclose specific cloud numbers, but its Red Hat hybrid cloud business said revenue was up 9%. Closing the rankings, Snowflake’s revenue was up 33% at $738 million.
