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A Turning Point For Oracle? 4 Takeaways From A Strong Q4

Oracle saw revenue growth for the first time since 2014. Has the company emerged from the dark days of cloud transformation?

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IaaS À La Carte

Oracle's overall cloud growth was impressive, but the technology giant is looking to make a statement in the infrastructure market.

It got a boost earlier this week when Oracle public cloud was included for the first time in Gartner's Magic Quadrant for IaaS, and as a visionary vendor no less. Ellison is now dead set on promoting the cloud infrastructure business his company was late to enter, and still hasn't established itself as a major player. On the financial releases, Oracle broke out that business only in GAAP terms, showing 23 percent year-over-year growth of a product that barely existed last year.

Catz said on the earnings call that total IaaS revenue, in non-GAAP accounting, was $214 million, which is 29 percent growth and at the high end of her guidance for that product. Ellison said on that call that Oracle's primary competitor in IaaS now is Amazon Web Services.

But AWS, the industry leader, is roughly expanding a business that's almost 20 times larger than Oracle's almost twice as fast as Oracle. And hyper-scale competitors Google Cloud Platform and Azure, also way ahead of Oracle in market share, are consistently achieving triple-digit growth.

"Old IaaS was a slower growing business. Our Gen 2 IaaS is much faster," Ellison said. "We expect our PaaS and IaaS businesses to accelerate into hyper-growth," he said. "The same growth we see in SaaS."

 
 
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