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 diving into the latest growth numbers and financial results from the world’s hottest cloud vendors.
Highlights
00:18 — I want to share the updated list on the Cloud Wars Top 10 World’s Hottest Cloud Vendors. Google Cloud continues to hold the number one spot. This is five straight quarters. Second place went to SAP, up 27%, with revenue of $4.9 billion. Oracle is in third place, up 24%, with $5.9 billion.
01:04 — Tied for fourth at 21% is Microsoft, $40.9 billion in cloud revenue for the quarter, and ServiceNow, with $2.87 billion. In 6th, AWS is up 19%, with $28.8 billion. Workday is at 16%, creeping up on $2 billion per quarter. In the eighth spot, Salesforce grew 8%, with $9.44 billion. Now, at the bottom, I’ve isolated Snowflake and IBM. Snowflake is going to be isolated until its quarterly revenue tops $1 billion. Again, very close, up 29%, to $900 million.
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02:16 — The best closest approximation I could get was that IBM’s Red Hat business grew 17% for the quarter. It didn’t release a revenue figure. We see a lot of continued growth here among the hyperscale companies: Microsoft, AWS, Google Cloud, and Oracle. All said that, their growth was held down by a lack of capacity. On the other side, you’ve got the applications vendors, and by far, SAP has been the blow-away growth champion there in cloud applications at 27%.
03:45 — We’re seeing more of the Cloud Wars Top 10 talk about themselves as platform companies. ServiceNow has been there for a while. They want to be the AI platform for business transformation. It’s a very compelling place. We’re seeing the applications vendors change in a lot of ways and moving toward this direction of platform.
04:29 — In the Cloud Wars: big numbers, big growth, strong forecasts going forward. Capacity constraints are one of the big issues. And I think the applications vendors —application/platform/data/agent companies — have to be very careful in helping to articulate to customers who are thinking, “Hey, what’s going on? The ground’s moving beneath my feet here with these, what were applications companies?”
