In today’s Cloud Wars Minute, I reveal how Google Cloud, Palantir, and Oracle are leading an unprecedented surge in AI and cloud revenue growth.
Highlights
00:02 — With Q3 numbers in from several of the Cloud Wars Top 10 companies, I want to do a latest installment of the Cloud Wars Top 10 Growth Chart to see who the fastest-growing publicly traded AI and cloud vendors are. And for Q3, we’ve got Google Cloud coming in number one, Palantir at number two, Oracle at number three.
00:41 — These are the highest numbers in the 10 years that I’ve been doing Cloud Wars, and clearly got to lay that at the feet of the AI Revolution. But, also, many of these companies are saying their classic, you know, cloud migration, cloud expansion, cloud applications, and agents businesses are rolling along quite nicely.
01:41 — Palantir’s just been on a tear — 96% growth in Q3, following 93% in Q2, $2.31 billion in revenue. Oracle jumped up into that hyper-hypergrowth category at 62% for its cloud business, $11.6 billion. Now, inside Oracle’s cloud business, they’ve got both their applications business and their infrastructure business.
03:15 — But, as I’ve chronicled over the last couple of weeks, the Microsoft growth rate has been relatively flat over the last several quarters. The growth rate, I’m saying, not saying its revenue has been flat, but the growth rate has hovered between 26% and 30% for the last six quarters. Sometimes up, sometimes down.
04:11 — We saw SAP come in, 26% growth, $7.5 billion in revenue, very impressive for them, and far higher than any other applications business. ServiceNow, very nice, 21%, almost $4 billion in subscription revenue. Workday, 14%, almost two and a half billion dollars, so they’re approaching that $10 billion run rate. Salesforce, 11% growth with $11.3 billion in revenue.
04:42 — And then we’ve got OpenAI — not publicly traded companies — so I can’t go to certified results for that. These are all guesses. Maybe it’s 1,000% growth. We won’t know until they file a registration statement for their IPO.
