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 reviews the Q3 growth rate results coming from the major players of the Cloud Wars Top 10.
This Cloud Wars Minute is sponsored by Celonis, the market leader in process mining and execution management. The world’s top 2,000 process fanatics learned to fix process inefficiencies at Celosphere, the company’s annual conference, which was held November 9th and 10th in Munich, Germany. Sign up to watch the free virtual Celosphere 2022 stream here.
Highlights
00:52 — The leader for Q3 is Oracle, which saw a 45% growth rate. SAP had a growth rate of 38%. Similarly, Google Cloud had a 37.5% growth rate in Q3.
01:13 — AWS had a Q3 growth rate of 27% whereas Microsoft grew by 24% in the third quarter.
01:27 — On the top of the list for major players is companies that were previously considered to be software companies, like Oracle and SAP. Both organizations have ditched the “old stereotypes” that have traditionally followed them, as they have proven to be two fast-growing cloud businesses.
02:06 — Among the three big hyperscale companies — Google Cloud, AWS, and Microsoft — only Google Cloud saw a sequential increase in revenue from Q2 to Q3.
02:34 — Microsoft’s growth rate dropped by 4% from Q2 to Q3. AWS’ growth rate slipped from Q2 to Q3 by 6%. Overall, there are no “rampant runaway growth rates across the board” for Q3. Nonetheless, these companies have displayed remarkable performance despite the current economic realities.
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