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 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.
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