In this edition of the Cloud Wars Minute, I explore the growing dominance of Oracle in the cloud infrastructure market. With its rapid expansion and fierce competition from industry giants like Google Cloud, AWS, and Microsoft, Oracle’s CEO, Safra Catz, has outlined four key reasons why she believes their infrastructure business is thriving.
Firstly, Oracle’s 45-year track record of handling mission-critical workloads and customers has earned it a reputation as a trusted partner for big deployments of workloads to the cloud. Secondly, its AI capabilities are unparalleled, with AI capabilities up and down the stack. Thirdly, Oracle offers an unmatched set of deployment options that cater to a diverse range of customers. Lastly, Oracle’s multi-cloud leadership position has enabled it to offer a competitive edge to its customers.
In Q3 last fiscal year, Oracle hit an all-time record by far in its remaining performance obligations, up 29% to $80 billion, with about half recognized as revenue in the coming 12 months. The competition across what Oracle’s doing provides the perfect ingredients for customers to benefit enormously from that competition.
As more businesses realize the importance of data strategy in driving innovation and growth in the AI revolution, cloud infrastructure is becoming increasingly differentiated and strategic. With new capabilities being built into it every day, companies must keep up with these advancements to stay competitive in today’s fast-paced digital landscape.
