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 reviews the Cloud Wars growth leaders, measured by their most recent quarterly results and cloud revenue growth rates.
Highlights
00:51 — At the top of the growth leaders list is Oracle with a 43% cloud growth rate. Last on the list is Salesforce with a 14% growth rate.
01:09 — Another “legacy company,” SAP, is at the top of the list with a 38% growth rate. Bob says this is a sign of these companies’ awareness of what their incumbent customers need in both cloud and on-premise systems.
01:37 — Google Cloud takes #3 on the growth leaders list, with a percentage of 37.5%.
01:40 — The rest of the order is as follows:
- #4 — AWS with a growth rate of 27%
- #5 — Microsoft with a growth rate of 24%
- #6 — Workday with a growth rate of 22.3%
- #7 — ServiceNow with a growth rate of 22%
- #8 — IBM with a growth rate of 19%
- #9 — Snowflake with a growth rate of 67%.
02:28 — Bob explains that Snowflake is at the bottom of the list, despite its high growth rate, because it is so much smaller than the other growth leaders. Until Snowflake reaches a billion-dollar revenue, he will not evaluate it as he does with the other companies.
03:13 — In Salesforces’ last earnings call, CEO Marc Benioff did not give an explicit reason as to why its growth rate has dropped as dramatically as it did; this is the first time its growth rate has dropped below 20% in several years.
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