Oracle’s fiscal-Q3 cloud revenue surpasses license-support revenue, marking a major milestone in the company’s transformative journey, fueled by strong growth in Oracle Cloud Infrastructure and AI services.
Cloud Revenue
Oracle’s fiscal-Q3 earnings reveal a groundbreaking shift as cloud revenue overtakes traditional licensing, signaling a transformative era in the tech giant’s business strategy
Oracle announces 40 AI deals totaling $1 billion and strong Q3 cloud growth at 25% to $5.1 billion as well as reveals plans for the world’s largest AI data center.
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.
Oracle is expected to deliver a 51% increase in Q3 cloud-infrastructure revenue, underlining its prowess in attracting major clients and reshaping industry dynamics.
Has Microsoft surpassed AWS as the leader in the enterprise cloud? Financial figures show Microsoft’s cloud revenue consistently outpacing AWS.
Google Cloud has a narrow lead on the Cloud Wars growth chart; Microsoft’s growth is remarkable; and the GenAI Revolution continues to impact the top cloud vendors.
Larry Ellison and Safra Catz of Oracle express confidence in the cloud business, citing robust growth and high demand for Oracle Cloud Infrastructure (OCI) among other factors.
SAP anticipates a 24% increase in Q4 cloud revenue, reaching $4.58 billion, with CEO Christian Klein attributing the ongoing success to the RISE go-to-market program.
A look at SAP’s present and future cloud outlook: insights from CEO Christian Klein and a projection of $23.4 billion in cloud revenue by 2025.
Q3 results show Microsoft, Google Cloud, and AWS have unique responses to evolving market dynamics, along with insight into the potential disruptor, Oracle.
Google Cloud’s Q3 performance – a 22% growth rate – represents a decline from the previous quarters, specifically from 28% in Q2.
Microsoft maintains strong growth, AWS faces challenges, and Oracle surprises with remarkable growth.
An update on the growth trends of top cloud companies, categorizing them into four groups based on their revenue growth rates.
Oracle remains fast-growing with an anticipated Q1 cloud revenue growth of at least 29%, even without the boost from its Cerner acquisition.
Projected growth rates for the Cloud Wars Top 10 companies in 2023 showcase the sector’s resilience and rapid expansion.
Google Cloud and Microsoft’s impressive Q2 growth rates suggest that AWS needs to turn up the heat to keep up in the Cloud Wars.
With its RISE with SAP program as a central force of customer innovation, SAP continues to deliver impressive cloud growth.
Bob Evans shares his expectations for Microsoft’s Q4 earnings, in which he predicts Microsoft Cloud revenue will exceed $30 billion.
Bob Evans predicts that the generative AI revolution will drive a $30 billion Q4 in cloud revenue for Microsoft.