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.
In today’s Cloud Wars Minute, I dive into Oracle’s bold AI-driven transformation and its stunning forecast to reach $225 billion in annual revenue by 2030, powered by explosive OCI and multi-cloud growth.
Highlights
00:12 — As we wrap things up here at Oracle AI world, we had the financial analyst meeting. Oracle’s Principal Financial Officer Doug Kehring revealed that Oracle has raised its revenue projections again for the future, and says that they will hit the astonishing total of $225 billion in total revenue for fiscal year 30.
00:52 — This was one of the most dynamic, interesting Oracle events I’ve ever been to. So when I talk about them being on fire, it’s powered by their hyper growth OCI business. But it goes beyond that to what they’re doing across the board and the AI Revolution really kicking in. It’s why Larry Ellison pivoted the entire company to integrate AI in everything that they do.
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01:55 — The company’s two new CEOs, Clay Magouyrk and Mike Sicilia, along with Larry Ellison, repeated throughout the event: “There’s no limitation on us about demand. We have more demand by far than we can handle. We are supply-constrained. And they revealed a lot of plans about all the things Oracle is doing to be able to overcome that capacity constraint.”
02:21 — So, it is not just OpenAI. They talked about how the RPO, which when they released their numbers a few weeks ago, that is for the quarter ending August 31, their RPO was $455 billion in just the six or seven weeks since that quarter ended, that RPO is now over $500 billion. So again, it was not just the big deal with OpenAI.
04:25 — We’ll have more coming up next week. I’ll go into more detail about this. But part of what was so interesting at this financial analyst meeting today, Larry Ellison talked said: “What about in the areas of like plant genomes?” Larry Ellison wove together the ideas of how this new Oracle Database along with the Oracle AI Data Platform is going to make that possible.
