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.
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.
