In this Cloud Wars Minute, Bob reviews the Q1 cloud growth of Oracle and evaluates what this means for the greatest growth market.
Highlights
00:20 — Oracle CEO Safra Catz has guided between 44 to 47% cloud growth for Q1. Here are the results:
- Oracle cloud revenue was up 45%; 50% in constant currency.
- IaaS was up 52%; 58% in constancy currency to $900 million for the quarter.
- SaaS revenue was up 43%; 48% in constant currency to $2.7 billion.
- Fusion ERP was up 33% and NetSuite ERP was up 27%.
- Cerner reported the best revenue quarter in its history.
01:27 — The $900 million for infrastructure and $2.7 billion for SaaS combined make-up 30% of Oracle’s total revenue.
01:58 — The next highest growth rates were Google Cloud at 36%, SAP at 34%, AWS at 33%, and Microsoft at 29%.
02:31 — in a press release, Catz alluded to the strength across the board of Oracle’s business. So, while Cerner was a major contributor to this growth, the company has plenty going on across its cloud business to account for this.
03:00 — This growth exemplifies the growing demand for industry clouds, as they are becoming increasingly important in the industry-specific solution space.
To see more Cloud Wars content, including all recorded sessions from June’s live Cloud Wars Expo, please register here for your Cloud Wars Expo on-demand pass. The on-demand pass, which is included with your Acceleration Economy subscription, gives you access to approximately 40 hours of invaluable educational content from last month’s event.
