Google Cloud’s explosive Q2 growth in revenue, backlog, and AI momentum positions it as a serious contender to challenge Microsoft’s long-standing dominance in the Cloud Wars.
Cloud Revenue
SAP’s Q2 cloud revenue rose 24% to $6B, marking a slowdown from past quarters but still outperforming major competitors like Oracle and Salesforce.
SAP posted strong Q2 results with 24% cloud growth, but backlog growth slowed to 22%, down from 28% in Q1, raising questions about market uncertainty, especially in the U.S. public sector.
SAP is projected to post 27% Q2 cloud revenue growth and a 29% rise in backlog, driven by AI adoption and a strong ecosystem strategy, outpacing rivals like Oracle and Microsoft.
Oracle and SAP have rebranded themselves as cloud-first AI powerhouses, rivaling Google Cloud’s dominance.
The latest Cloud Wars update reveals strong growth across major cloud providers, with shifting dynamics that signal an increasingly competitive and evolving market.
Once doubted, Oracle’s cloud strategy pays off big as it reports a 41% RPO surge and forecasts FY26 cloud growth over 40%, led by relentless AI infrastructure demand.
Oracle’s Q4 results stunned the market, with Safra Catz projecting $35B in cloud revenue and 100% RPO growth in FY26.
Oracle’s blowout RPO numbers hint at massive contract-to-revenue transitions.
Despite Microsoft’s dominance in current cloud revenue, Oracle’s 63% RPO growth signals a potential reshaping of the Cloud Wars power dynamic.
With cloud revenue rivaling AWS and Google Cloud combined, Microsoft silences talk of an AI slowdown.
SAP dominates the enterprise cloud race in Q1, outperforming rivals with rapid growth in cloud and ERP revenue.
SAP is significantly outpacing its major competitors in cloud-based enterprise applications, driven by strong growth across its cloud portfolio and strategic platform integration.
Google Cloud, though much smaller than AWS and Microsoft, led Q3 in new customer growth, reflecting a shift in market dynamics.
SAP is outpacing major competitors with a 34% increase in Cloud ERP Suite revenue and aggressive growth plans fueled by new customer acquisitions and a strong focus on AI offerings.
SAP’s increasingly modular cloud ERP suite, covering financials and supply chain, is saw a 33% growth rate in Q2, which is expected to continue in Q3.
Oracle is capitalizing on its booming cloud infrastructure and strategic multicloud deals to drive substantial revenue growth and innovation across its portfolio.
Oracle is aggressively expanding its cloud infrastructure and data center capabilities, projecting significant revenue growth driven by robust demand and strategic multicloud partnerships.
Oracle reported strong fiscal Q1 performance with significant growth in cloud infrastructure, RPO, and a new multi-cloud agreement with AWS.
Microsoft’s impressive cloud revenue growth in Q4 contrasts sharply with CEO Satya Nadella’s vague and insufficient updates on its embattled security business.