Oracle reported strong Q3 results with $5.1 billion in total cloud revenue, up 25%, but acknowledged falling short of meeting customer demand due to data-center capacity constraints.
Earnings Call
Oracle is expected to deliver a 51% increase in Q3 cloud-infrastructure revenue, underlining its prowess in attracting major clients and reshaping industry dynamics.
Insights into Oracle’s fiscal Q3 results, which are likely to reveal remarkable growth for Oracle Cloud Infrastructure (OCI).
Frank Slootman’s successor as Snowflake CEO, Sridar Ramaswamy, brings a strong AI background and strategic vision to drive the company forward.
Salesforce CEO Marc Benioff declares the company’s transformation into a data company amid slowing growth projections for its core business.
Salesforce is making a strategic shift towards prioritizing higher margins over growth, which entails a new focus on its identity as a data company and addressing challenges in synergy among its legacy clouds.
Businesses exhibit strong confidence in cloud and AI, reflected in soaring RPO and backlog figures from Workday, Snowflake, and Salesforce. Substantial long-term commitments highlight aggressive investments in these companies’ software.
As Workday co-founder Aneel Bhusri steps down from his CEO role to become executive chair, he’ll focus on strategic innovation while CEO Carl Eschenbach drives revenue growth.
Workday’s Q4 results showcase a robust fiscal performance with a 19% surge in subscription revenue, hitting $6.6 billion for fiscal 2024.
Highlighting optimistic subscription-revenue trends for Workday, decoding Salesforce’s cautiously optimistic signals for a potential growth turnaround, and expecting continued strong growth for Snowflake driven by AI and expanding data initiatives.
Andy Jassy claims AWS had the cloud market’s highest incremental revenue gain, overlooking Microsoft’s superior figures, leading to questions about his perception of cloud services.
Google boosts investments, allocating $11 billion in Q4 2023 and eyeing $50 billion in 2024 for technical infrastructure, fueled by the GenAI Revolution and Gemini AI models.
SAP CEO Christian Klein is making a substantial commitment to Business AI, investing $1.1 billion and shifting 8,000 positions amid the GenAI Revolution.
SAP is investing significantly in AI for future success and reconstituting positions to meet customers’ evolving needs.
A reflection on Microsoft CEO Satya Nadella’s tenure, which has seen the remarkable transformation from a ‘Cloud-First’ vision to Microsoft’s dominance in the cloud.
AWS, once the undisputed leader, is struggling to keep pace with the rapid growth and customer-focused innovations of Microsoft, Google, and Oracle in the cloud market.
ServiceNow aims to enter the customer-relationship management (CRM) sector, with CEO Bill McDermott citing a “tremendous opportunity” to reshape CRM through AI-powered workflows.
ServiceNow has had substantial subscription revenue growth and is making a strategic pivot into Customer Relationship Management (CRM).
Robust Q4 performance and strategic restructuring underscore SAP’s commitment to evolving customer needs, which leads to the company thriving in the Cloud Wars.
A preview of our interview with Oracle CEO Safra Catz, who discussed the company’s robust growth, technological advancements, and strategic initiatives.