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 offers five reasons for Oracle’s 54% surge in cloud growth.
00:24 — Oracle, the company spearheading the growth rates across the Cloud Wars Top 10, has “opened up” and given customers the five primary reasons for its 54% growth in its most recent quarter. Bob sourced this criterion from the Q4 earnings call that Oracle held this week.
00:50 — For Q4, which ended May 31, Oracle had a cloud growth rate of 54%. Within that, its infrastructure business was up 76% and its applications business was up 45%. How did Oracle do this, and what is behind this surge?
02:00 — The first reason is what Bob has deemed the “Larry Ellison effect.” “He’s got the youngest, most vibrant, active, disruptive, open-minded perspective that you could possibly get.” At the end of this week’s earnings call, CEO Safra Catz thanked Ellison for his leadership.
03:34 — Secondly, the unwavering commitment from CEO Safra Catz is another reason for Oracle’s incredible growth this quarter. Looking ahead, Catz predicted that in fiscal year 2024, without the inclusion of the Cerner acquisition, Oracle will be able to do as well, or perhaps even better.
04:02 — Underpinning all this, explains Bob, is the difference in performance, speed, and ability of Oracle’s Gen2 architecture. More details will be available later today in the full-length Cloud Wars News article.
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04:28 — The fourth reason is the interplay between Oracle’s SaaS and infrastructure, which Ellison noted “builds a feedback loop.”
04:50 — Lastly, Catz referenced the “power of the horizontal and the vertical.” These are booming businesses, and the industry-specific solutions have been a huge part of what Oracle is doing.
05:12 — Bob believes there was a reason Catz waited to make the “unprecedented” remarks about Ellison on the earnings call. “I think that now Catz and Ellison believe they have hit a certain level of momentum.” She specifically called out his “brilliance, determination, and vision.”