In this Cloud Wars Minute, Bob reviews Oracle’s most recent quarterly results.
Highlights
00:12 — Oracle had a whopping Q4, absolutely crushing its cloud numbers, notes Bob. “I gotta say, this will become another chapter in what will become a very long book, called ‘Larry Ellison’s Revenge’.”
00:35 — It was not so long ago that we were accustomed to hearing “know-it-alls” classifying Oracle as a legacy company that was “late to the cloud.” That is proving to be one of the most useless pieces of evidence that the tech industry has ever heard, says Bob.
01:22 — For Oracle, Q4 cloud revenue was up 54%, to $4.4 billion. Its Oracle Cloud Infrastructure (OCI) business grew 76% to $1.4 billion. Its applications business was up 45% to $3 billion. In both areas, Oracle’s growth rates are accelerating. Comparatively, based on its Q4 earnings, Oracle is growing 3.4x faster than AWS, and 5x faster than Salesforce.
02:32 — In the press release announcing these numbers, Ellison said that Oracle’s “Gen2 Cloud quickly became the #1 choice for generative AI workloads.”
03:00 — Later this week, Bob will have more detail about the Q4 earnings following the company’s earnings call. In today’s Cloud Wars News article, Bob spells out, in considerable length, why Oracle is the world’s fastest-growing major cloud provider.
04:13 — What is going on for Oracle during a time when the world is criticizing the “macro” environment and economic uncertainty, asks Bob. How is Oracle able to defy all these notions? “It’s not just maintaining a growth rate, it’s getting bigger, while every other Cloud Wars Top 10 company’s growth rate is moderating.”
