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 today’s Cloud Wars Minute, I share some thoughts on Oracle’s fiscal Q1 earnings, which are being announced this afternoon.
Highlights
00:25 — This afternoon, Oracle will announce its fiscal Q1 earnings. That’s for the three months ended August 31. I believe the outcome is going to be that Oracle will remain the fastest-growing major cloud provider in the world. In the June 12 earnings call, CEO Safra Catz said that Oracle was experiencing unprecedented demand for its cloud services, both applications and infrastructure. She said, we think the Q1 results will be at least the same as Q4, and they may be higher.
01:34 — Oracle has not made any mention of anything like “Well, you know, customers are delaying their purchases” or “The uncertain economy is delaying purchasing decisions.” It’s been distinctly different from all the other Cloud Wars Top 10 companies in making no mention of that. Oracle’s organic cloud business, I think, will come in right around 30%.
02:50 — Across the board, there’s very strong growth from its Cloud Fusion ERP; NetSuite; its “back office applications,” (HR, CX applications); and its industry clouds. It’s just got a huge swath of applications that seem to be fitting what customers want and need right now.
03:41 — Later today, when those numbers do come out, I’m looking for a bullish report from Oracle, both in terms of what CEO Katz says and also from Larry Ellison about where he sees the company going.
04:23 — We’ll see what happens and then later this week, we’ll have some significant analysis on that.
