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 look at ServiceNow’s remarkable recent achievements, among them a 27% growth rate in the quarter that ended September 30.
Highlights
00:23 — ServiceNow has just jumped up to the number one spot, not on the Cloud Wars Top 10, where it’s number six, but on the Cloud World’s Hottest Cloud Vendor chart.
00:53 — So, for the quarter ended September 30, ServiceNow grew 27% to $2.2 billion. Number two is Oracle with 25% growth, reaching $4.8 billion. Number three, Microsoft, 24% growth, totaling $31.8 billion in quarterly revenue. SAP follows at number four with 23%, $3.8 billion. Number five, Google Cloud, which grew 22% to $8.4 billion.
01:22 — Workday is up 18% to $1.69 billion. In the seventh spot is AWS, up 12% to $23 billion. Salesforce comes in at number eight, with a growth rate of 11% and revenue of $8.7 billion. IBM, with its Red Hat business, growing 9%. It doesn’t disclose revenue. And I’ve isolated in the 10th spot Snowflake, which grew 34%, to almost $700 million in revenue.
02:13 — So congratulations to ServiceNow. It’s had a terrific year, moved into some key new markets and continued to be a leader with artificial intelligence and generative artificial intelligence.
02:46 — It’s been really interesting watching Bill McDermott unfold over the last four years, with his strategy for turning this company, formerly sort of a niche in the IT automation area, into a full suite provider, offering software end-to-end across the enterprise. I expect lots more good things from them in the year to come.
