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 details Oracle’s growth plans, driven by the company’s growth in cloud revenue.
Highlights
00:33 — Oracle’s fiscal year ends on May 31. For the current fiscal year, Oracle is projected to have $50 billion in revenue. Looking ahead three years, with the fiscal year ending May 31, 2026, Oracle is projecting to have $65 billion in cloud revenue.
01:11 — Oracle’s mission to achieve this total revenue is to deliver end-to-end industry automation for the most complex business challenges.
01:25 — The differentiation that Oracle offers is that the company considers itself the most complete enterprise technology vendor. Oracle has developed on-premises solutions, industry solutions, business security solutions, and of course, cloud solutions.
01:47 — In order to reach its projected goal, Oracle feels that its SaaS business will lead to at least 3-4x uplift in the cloud. From its current $5 billion in application support, Oracle is anticipating upwards of $15 to $20 billion in revenue powered by its fusion SaaS applications.
02:23 — On the infrastructure side, Oracle’s total revenue is about $14 billion. The company believes it has 4-5x as much uplift in the cloud, taking the company between $56 and $70 billion over the next three fiscal years.
02:53 — Oracle, which has never offered its future views of what might happen, seems to have its cloud business together. Oracle now has more than 18,000 cloud infrastructure customers.
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