Oracle's growth fueled by AI wave

If I'm going to be honest about the BIGGEST impact of AI in the last 2 years it is the dramatic drop in price across a range of IT services like data and storage costs, and the resulting discount passed through by applications. The reason is that everyone wants your AI business. If they have your data, they're in pole position. Salesforce is by for the most aggressive on the marketing and PR front in pushing their AI capabilities yet this applies to all the big clouds, Oracle, Adobe, Google, Amazon, SAP, Snowflake and Microsoft. That's a lot of big names trying to muscle in on working your data and they are happily storing and moving the data at less cost than ever before. Whether or not they have the chops to make the AI create value and efficiencies is to be seen and that should be first and foremost in everyone's mind. #ai #dataclouds #data #storage

#BreakingNews: Oracle Cloud + Amazon Web Services (AWS) have just formed a strategic partnership creating Oracle Database@AWS. Now you can run Oracle databases on AWS. This follows Oracle Database@Azure and Oracle Database@GCP partnerships. https://lnkd.in/gz9zVxRD #businesspartnership #strategicpartnership #awscloud #gcpcloud #oraclecloud #cloudcomputing #amazonaws #amazonwebservices #amazonwebservicesaws #gcp #googlecloud #googlecloudplatform #oracletraining #oci #oraclecloudinfrastructure

Larry Ellison is so excited that he’s fielding all analyst questions himself during Oracle earnings call — and apologizing for it ?? Both Larry and Safra are pushing private cloud vigorously despite making new deals with Amazon Web Services (AWS) Google Cloud and having existing deal with Microsoft Azure Larry gave away his keynote at #OracleCloudWorld, he will cover two major topics, #Multicloud and #Security. Stock is up 9.36% in aftermarket. cc David Vellante David Floyer John Furrier Oracle Robert Hof Shelly DeMotte Kramer #AI #OracleCloudWorld

Oracle Cloud World kicks off w/ consensus-beating revenue & earnings in a $13.3B FQ1. Everything was up, but its Cloud Business, now ORCL's biggest revenue contributor, was the big bright spot, ↑21% y/y + OCI ↑44%(!). Congrats to the team! https://lnkd.in/e5sCsSwg

Want to use multiple clouds? Oracle has got you covered. Larry Ellison says there’s “huge demand from customers that want to use multiple clouds.” Expanding on existing partnerships with Google Cloud, Microsoft Azure, and OpenAI, and now partnering with Amazon Web Services (AWS), Oracle is “working toward a future where every one of Oracle’s customers could, if it wanted to, have its own Oracle Cloud data center inside that customer’s data center,” Ellison told investors on this year’s June earnings call. Back in March, Oracle’s cloud revenue overtook licensing revenue, which Bob Evans, Acceleration Economy hailed as a major milestone, noting, “[the] ultimate goal is for customers to make Oracle one of the world’s largest and most successful suppliers of cloud and AI innovation for the cloud-enabled and AI-powered digital age.” Since early 2024, large data centers operated by hyperscale providers now exceed 1,000, according to Synergy Research Group. As Oracle forges stronger partnerships with industry giants Amazon, Google, Microsoft, and OpenAI, their commitment to multi-cloud solutions is shaping a future where customers have unprecedented flexibility and control. With cloud revenue surpassing licensing revenue and hyperscale data centers on the rise, Oracle is positioned to be a leading force in the era of cloud and AI innovation. Prnewswire https://lnkd.in/e__g2VHK Acceleration Economy https://lnkd.in/e7W_MQtA David Chernicoff & Matt Vincent, Data Center Frontier https://lnkd.in/epbMAT3b Synergy Research Group https://lnkd.in/eBtUTYZb #cloud #cloudwars #ai #cloudai #artificialintelligence #oracle #amazon #aws #microsoft #azure #google #googlecloud #openai #partnerships #innovation #data #digitaltransformation

Customers have been asking for a very long time to be able to run Oracle DB on AWS. This partnership is great for AWS, Oracle, and more importantly our joint customers!! #Oracle Database@AWS Amazon Web Services (AWS) https://lnkd.in/gTKsWRYg

Here we go with Oracle Q1 earnings. A quick rundown ???? Solid quarter with a double beat on top and bottom line. The 2 big numbers everyone was waiting for… 1. OCI (Cloud Infrastructure) Growth -> +45% 2. SaaS (Cloud Application) Growth -> +10% The OCI number is really great. Continues to be the fastest growth IaaS and I am happy to see the company continues to split out the infrastructure business from the application business. OCI expected to reach more than $12 Billion in FY 25. The application business is more on-par with what has been low double digit growth rates across the sector with Fusion and NetSuite outperforming. Fusion delivered 16% Growth while NetSuite delivered 20%. I was really happy to see the company give some color on its AI business and strategy. -Oracle signed 42 additional cloud GPU contracts valued at $3 billion. Also, a new partnership with AWS will put Oracle Exadata hardware and database within AWS data centers by the end of 2024. Good for Oracle to see it tying the knot more closely with AWS. #Oracle #Earnings