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.
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In this Cloud Wars Minute, Bob Evans reviews the cloud growth guidance from the Cloud Wars Top 10, which position Oracle, ServiceNow, and SAP as the leaders.
Highlights
01:15 — Growth rates and cloud revenue of the Cloud Wars Top 10 are discussed frequently on the Cloud Wars Minute, but in this episode, Bob takes a look at the growth guidance offered by the companies, which indicates the future direction of these organizations.
01:46 — Bob presents the numbers from the highest guidance numbers to the lowest. Not all cloud Wars Top 10 companies offered guidance — AWS, IBM, and Google Cloud did not, therefore they are not featured on the list.
02:00 — Oracle guided between 49%-51% for the coming quarter, which ends May 31. ServiceNow guided 22.5%-23.5% for the full year. SAP guided 22%-25% for the full year, and Microsoft guided between 17%-19% for the coming quarter for its Intelligent Cloud business. This includes Azure business. CFO Amy Hood guided in the “low 30” percent range for Azure growth.
03:00 — Workday guided between 17%-18% for the full year. Salesforce, guided only 10% for the upcoming quarter and full fiscal year. Snowflake guided 44%-45% for the coming quarter. Proportionally, Snowflake is much smaller than the other Cloud Wars Top 10 companies, which is why Bob placed them at the bottom of the list.
03:36 — These guidance numbers reveal a number of things. For each company, the level of growth it believes will occur, reflects how the company is doing and the level of demand that they are seeing from customers. These are extraordinary numbers that reflect considerable growth.
04:23 — There are many cases of moderating growth rates, but looking ahead at the next quarter and full year, these numbers give reason to think that business leaders are positioning themselves for future growth.
