Oracle continued to put up strong cloud and infrastructure as a service revenue growth, but its third quarter results fell short of expectations. However, Oracle said its cloud backlog is pointing to revenue growth of about 15% in the new fiscal year that starts in June.
According to the companies, Oracle Database@Google Cloud will add more regions over the next 12 months.
Microsoft said that Stargate includes a new agreement that "changes exclusivity on new capacity." Looks like Oracle Cloud is the winner.
Oracle’s second quarter was strong, but light relative to expectations. Oracle’s cloud revenue was up 24% in the second quarter from a year ago with cloud infrastructure revenue up 52%.
Oracle said that customers can now access Oracle Database@AWS in limited preview. The limited availability landed just a few weeks after Oracle and AWS announced their partnership.
Should Oracle's march toward fiscal 2029 revenue of $104 billion succeed it'll largely because it has managed multi-cloud deployments, co-opetition and triple wins for itself, partners and enterprises.
Oracle CTO Larry Ellison hit the stage with AWS CEO Matt Garman to talk about their multicloud partnership and optimizing. Ellison also talked about Oracle's autonomous security efforts to prevent ransomware, identity theft and other attacks.
Oracle is going after the lakehouse market with HeatWave to go along with a bevy of generative AI features including HeatWave GenAI and HeatWave on AWS. Oracle also launched a zettascale supercluster built on Nvidia Blackwell.
Oracle and Amazon Web Services announced a strategic partnership to complete CTO Larry Ellison's multicloud trifecta. Oracle first partnered with Microsoft Azure, then Google Cloud and now AWS. Oracle also delivered strong cloud revenue growth in the first quarter.
In its annual report, Oracle cited a TikTok ban as a risk factor. The company also said Ampere could be consolidated under its financial results under certain conditions.
Here are the details of the Oracle and Google Cloud tie-up followed by the OpenAI deal and the not-too-surprising strong cloud results.
Palantir will move its workloads to Oracle Cloud Infrastructure in a partnership that also includes the two companies jointly selling to governments as well as enterprises.
