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Home » Oracle’s Top Rivals Help Boost Database Revenue 28% to $550M
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Oracle’s Top Rivals Help Boost Database Revenue 28% to $550M

Bob EvansBy Bob EvansDecember 12, 2024Updated:December 13, 20242 Mins Read
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Welcome to the Cloud Wars Minute — your daily cloud news and commentary show. Each episode provides insights and perspectives around the “reimagination machine” that is the cloud.

In today’s Cloud Wars Minute, I discuss Oracle’s breakthrough in its cloud database services.

Highlights

00:28 — Oracle posted its recent fiscal Q2 earnings. Cloud database services revenue was up 28% to $550 million, or, as CEO Safra Catz reported, a $2.2 billion annualized rate. You’ve got to give credit to its multi-cloud partners—Microsoft, Google Cloud, and AWS. It’s a big win for customers to be able to use Microsoft, Google Cloud, or AWS to access Oracle Cloud services.

01:31 — We’ve heard from Oracle for some time about how its cloud databases were going to be the third leg of its overall cloud growth story, along with Oracle Cloud Infrastructure and Oracle Applications. Now we’re seeing this kick in. This is the first time that I recall Oracle tying together both a revenue figure for cloud database services and a growth number.

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02:55 — Chairman Larry Ellison said this is going to become a multi-billion-dollar business for Oracle’s cloud database services. A lot are turning to its Cloud@Customer dedicated region, which gives customers greater flexibility around issues involving regulation, data privacy, sovereignty, etc. Catz also pointed out Oracle’s Alloy program, which allows customers to become cloud providers.

04: 14 — Why is this happening now with the Oracle Cloud database service? Very reasonably, a lot of business leaders were saying, “Hey, it’s one thing to move some applications or infrastructure to the cloud. Moving a database is something that is extremely strategic.”

05:05 — Databases are a crucial part of what every business does, even more so now in the whole world of AI. It’s interesting to see that Oracle highlighted the rise in customer acceptance of, and demand for, Oracle Cloud database services.

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Bob Evans

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Cloud Wars Founder Bob Evans actively analyzes the Cloud and AI categories through video reports, in-depth analyses, and interviews with the Cloud and AI market’s leaders and innovators. He’s also the creator of the Cloud Wars Top 10, a ranking and ongoing analysis of the world's most influential tech companies driving digital business and the digital economy. Bob is recognized as a world-class strategic communicator focused on emerging business strategy, disruptive innovation, and forward-looking leadership.

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