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 offers a prediction for the fiscal Q2 results of Oracle, which are being released later today.
Highlights
00:51 — Last quarter, which ended August 31, Oracle’s cloud revenue grew 45%. Bob predicts that this quarter, Oracle’s cloud revenue will grow by 42%.
01:19 — Major cloud providers are feeling the effects of their customers taking more time on their buying decisions and pushing projects off.
01:30 — Oracle has great strengths across its cloud business; its cloud infrastructure business was up 52% last quarter.
02:02 — On the company’s earnings call in mid-September, Oracle CEO Larry Ellison announced that many big brands that utilize AWS’ cloud platform will be switching over to Oracle.
02:52 — The reason that organizations would switch from AWS to Oracle is that Oracle offers better performance, price, and an emphasis on cybersecurity. Oracle has a great deal of momentum behind it and is the fastest-growing major cloud provider in the world.
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