Oracle experiences a notable slowdown in its cloud growth rate, dropping to 25% in fiscal-Q2 with $4.8 billion in revenue, signaling a shift from previous quarters’ 30% or higher growth.
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While Oracle’s cloud growth rate has come back to earth, executives cite “astronomical” demand for infrastructure and generative AI, and the growth figure is likely to be an aberration.
The Cloud Wars Top 10 companies, with a combined market cap exceeding $7 trillion, have experienced a range of performance in 2023, with CEOs including Microsoft’s Satya Nadella and SAP’s Christian Klein standing out.
In the Cloud Wars landscape, Oracle leads with a remarkable 30% growth rate, closely followed by ServiceNow and Microsoft at 27% and 24%, respectively, with Microsoft’s FY24 Q1 standing out as an extraordinary quarter, contributing $6.1 billion in incremental cloud revenue.
Oracle’s Larry Ellison and Microsoft’s Satya Nadella are redefining competition and collaboration norms
Q3 results show Microsoft, Google Cloud, and AWS have unique responses to evolving market dynamics, along with insight into the potential disruptor, Oracle.
ServiceNow’s Q3 subscription revenue jumped 27% to $2.22 billion, catapulting the company to the #2 spot on the Cloud Wars list of the world’s fastest-growing cloud vendors, thanks to powerful demand for its GenAI technology.
SAP is partnering with AWS to enhance its HANA Cloud database, signaling SAP’s increased focus on the cloud-native database market.
Learn the three main ideas behind zero trust packet routing, which involve bringing identity to the cloud, automating policy creation, and emphasizing ongoing policy adaptability.
A conversation about Ampere’s partnership with Oracle to provide sustainable and scalable cloud offerings.
During the Oracle CloudWorld keynote, Oracle described its expanded partnership with Microsoft and what customers can expect.
Oracle EVP Mahesh Thiagarajan gives insight on the company’s goals with cloud network security and its zero-trust platform.
Oracle’s chairman, Larry Ellison, predicts that billion-dollar deals in the GenAI infrastructure market will become the norm.
Oracle chairman Larry Ellison reveals Oracle’s confidence in achieving its $65 billion target by 2026, driven by billion-dollar deals in cloud-based AI training and a shift towards country-level engagements, marking a remarkable growth phase in the company’s history.
Microsoft maintains strong growth, AWS faces challenges, and Oracle surprises with remarkable growth.
Oracle’s executive vice president of industries, Mike Sicilia, discusses the transformation of core businesses in various industries through Oracle’s cloud offerings.
A look at how to foster better patient care without sacrificing cost savings or physician presence.
Oracle’s Larry Ellison announces plans to create a true multi-cloud future, interconnecting with major cloud providers like Salesforce to meet customer demand for seamless cloud integration and freedom of choice.
Oracle’s Greg Pavlik shares insights on the evolving landscape of AI and its applications in different sectors.
An update on the growth trends of top cloud companies, categorizing them into four groups based on their revenue growth rates.