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Oracle Q1 Blowout
In today's Cloud Wars Minute, I explore Oracle’s blowout Q1 and the numbers signaling its growing power in AI and cloud infrastructure.
Highlights
00:03 — Yesterday, Oracle reported what I'm calling a blowout Q1, and let me talk about some of the key numbers here that formed that impression for me. Its overall cloud revenue was up 62% to over $11 billion. It breaks that out in two ways. Its cloud apps business grew about 10%, a little over $4 billion in revenue.
00:26 — But this is the star now: the cloud infrastructure business grew 121% to $7.4 billion. And that is, of course, revenue — a…
The skinny
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