Featuring keynote presentations from major customers including JPMorgan Chase, Heathrow Airport, Deutsche Bank, Grupo Bimbo, Vodafone, Johnson Controls, and Nvidia, the newly christened CloudWorld event (for many years called OpenWorld) will also reveal more about Oracle’s ambitious plans for fusing industry-specific capabilities into all of its cloud services.
While the trend toward vertically oriented solutions has swept up every company in the Cloud Wars Top 10, Oracle has been particularly aggressive in that area, capped by its $28-billion acquisition of Cerner that makes it the leader in industry-specific solutions for the massive healthcare market.
In addition, founder Larry Ellison has also made public comments over the past several months indicating that financial services, telecommunications, and utilities will be among the industries Oracle pursues most vigorously.
All of that’s happening as Oracle leads all major cloud vendors with a growth rate of 45% for its fiscal Q1 ended Sept. 30. While its annualized cloud-revenue run rate of about $13 billion is much smaller than that of category leaders Microsoft ($100 billion), Amazon ($80 billion), and Google Cloud ($26 billion), Oracle is showing impressive growth across its entire cloud portfolio:
- total cloud revenue for the quarter was $3.6 billion;
- of that, Oracle Cloud Infrastructure was $900 million, up 52% (58% in constant currency);
- total SaaS revenue was $2.7 billion, up 43% (48% in constant currency);
- Fusion ERP Cloud revenue was up 33% (38% in constant currency); and
- NetSuite ERP Cloud revenue was up 27% (30% in constant currency).
For more perspective on those numbers and what’s behind them, please see Larry Ellison’s Revenge: Oracle World’s Hottest Major Cloud Vendor.
On the strength of that performance, Oracle last month moved up to the #5 spot on the Cloud Wars Top 10.
With that momentum in Oracle’s favor, Ellison and CEO Safra Catz will surely use the CloudWorld event to demonstrate to customers and partners that the revenue bump from the Cerner deal should not be regarded as a one-time blip, and that Oracle is fully prepared to unleash multiple new customer-centric innovations across applications, industry clouds, infrastructure, Autonomous Database, multicloud capabilities, and cybersecurity.
To give you a sense of how Oracle’s latest quarterly growth numbers stack up against the other Cloud Wars Top 10 vendors, here’s a list showing most-recent quarterly cloud-revenue growth rates for each company.
CLOUD WARS TOP 10
- Microsoft: $25 billion, 29%
- AWS: $19.7 billion, 33%
- Google Cloud: $6.3 billion, 36%
- Salesforce: $7.72 billion, 22%
- Oracle: $3.6 billion, 45%
- SAP: $3.12 billion, 34%
- ServiceNow: $1.66 billion, 25%
- Workday: $1.37 billion, 23%
- IBM: $5.9 billion, 24%
- Snowflake: $466 million, 83%
I look forward to sharing more insights from CloudWorld into Oracle’s plans for its customers and prospects throughout the week.
Want to gain more insights from Bob Evans and view cloud-focused content from Cloud Wars Expo? On-demand video from the event is rolling out now, with more than 40 hours of cloud education content — featuring 100-plus speakers — to be made available in the coming days. All content is free to Acceleration Economy subscribers with an on-demand pass.