In this Cloud Wars Minute, Bob Evans reviews the Q4 earnings results for the Cloud Wars Top 10 companies, suggesting that Oracle, SAP, and Google Cloud are the fastest-growing major cloud providers in the world.
Highlights
00:38 — Although the Cloud Wars Top 10 companies are different-sized organizations with various growth rates, there is something valuable to be said about the growth rates of these companies, as they are “doing something that is grabbing the imagination of these customers.” During challenging times, this type of innovation is very significant, explains Bob.
01:22 — In this iteration of the growth chart, Bob has updated the table to include the fiscal Q4 numbers of Workday, Salesforce, and Snowflake. With the addition of those three companies, the growth chart is as follows:
| Company | Growth % | Revenue | Period Ended |
|---|---|---|---|
| Oracle | 43% | $3.8 billion | Nov. 30 |
| SAP | 33% | $3.7 billion | Dec. 31 |
| Google Cloud | 32% | $7.3 billion | Dec. 31 |
| (tie) Microsoft | 22% | $27.1 billion | Dec. 31 |
| (tie) ServiceNow | 22% | $1.86 billion | Dec. 31 |
| (tie) Workday | 22% | $1.5 billion | Jan. 31 |
| AWS | 20% | $21.4 billion | Dec. 31 |
| Salesforce | 14% | $8.38 billion | Jan. 31 |
| IBM | 8% | $6.3 billion | Dec. 31 |
| Snowflake | 54% | $555 million | Jan. 31 |
03:22 — Bob says that “until Snowflake hits $1 billion in quarterly revenue,” he will not be placing them in numerical order on the growth chart, because “the discrepancy in the size of Snowflake, relative to the other companies, is too great.”
03:50 — In spite of global economic uncertainty and recessionary fears, business leaders in every industry and across every region in the world are continuing to spend billions of dollars on cloud technology, as evidenced by these numbers. “These business leaders know that this will be the only way for them to take part and succeed in the digital economy,” explains Bob.
