For the fifth straight quarter, Google Cloud is the fastest-growing company on the Cloud Wars Top 10 with a Q4 growth rate of 30%, seasoned-citizen tech icons SAP and Oracle showed off their cool-kid cred and claimed the second and third spots with growth rates of 27% and 24%.
While Google Cloud slowed down a bit from the torrid pace of 35% it posted in Q3, it once again topped the Cloud Wars Top 10 Growth Chart by a wide margin while posting Q4 revenue of $12 billion.
SAP continues its remarkable growth acceleration in the cloud as it not only outgrew all competitors by anywhere from 50% to 200% but also continued to build a massive pipeline as its total cloud backlog grew 43% to $65.8 billion. Within the company’s $4.9 billion in Q4 cloud revenue, its core ERP offering — now called Business Suite — grew 35% to $4.1 billion.
For Oracle, the primary cloud growth driver is its Oracle Cloud Infrastructure business, which grew 52% to $2.4 billion for the company’s fiscal Q2 ended Nov. 30. Its cloud apps business was up 10% to $3.5 billion.
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Here’s the most-recent Cloud Wars Top 10 Growth Chart. You’ll see that I’ve isolated both IBM and Snowflake outside the overall rankings, and here’s my rationale for doing that: IBM does not break out its total cloud revenue, and while it discloses the growth rate for its Red Hat hybrid-cloud business, it does not offer a revenue figure. As such, it’s impossible to give you a clear sense of how big IBM’s overall cloud business is and what its growth rate might be.
For Snowflake, I’ve been excluding it from the mainstream Growth Chart for the past couple of years because the company’s revenue is so much smaller than that of any other Cloud Wars Top 10 company. I have committed to including Snowflake in the main flow of my regular Growth Chart postings when Snowflake’s quarterly revenue exceeds $1 billion.
| Company | Latest Growth Rate | Quarterly Cloud Rev. | Quarter Ended |
| Google Cloud | 30% | $12.0 billion | 12/31 |
| SAP | 27% | $4.9 billion | 12/31 |
| Oracle | 24% | $5.9 billion | 11/30 |
| Microsoft | 21% | $40.9 billion | 12/31 |
| ServiceNow | 21% | $2.87 billion | 12/31 |
| AWS | 19% | $28.8 billion | 12/31 |
| Workday | 16% | $1.96 billion | 10/31 |
| Salesforce | 8% | $9.44 billion | 10/31 |
| Snowflake | 29% | $900 million | 10/31 |
| IBM Red Hat | 17% | ?? | 12/31 |
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