One of the many highlights in Oracle’s Q2 earnings announcement last week was the accelerated growth in Oracle Cloud Infrastructure (OCI) revenue—up 52%, on top of the 50% reported last year—driven by record-level AI demand. Graphics Processing Unit (GPU) consumption was up 336% in the quarter, and we delivered the world's largest and fastest AI supercomputer. For the fiscal year (ending May 2025), we now expect Oracle cloud revenue to reach $25 billion.
Explaining Oracle’s tremendous cloud momentum, CEO Safra Catz noted that “Our cloud is faster and thus less expensive than other clouds. We remain the preferred cloud for AI workloads, as well as for non-GPU cloud infrastructure services. In addition, our ability to deploy our cloud in many sizes gives our customers flexibility. And our multicloud agreements with Microsoft, Google, and AWS provide customers more choice in how they can migrate their Oracle Databases to the cloud.”
All this creates a huge opportunity for Oracle and our partners, which is the topic of our next Partner Success in Action live webinar on Wednesday, January 15, 2025. I will sit down with Clay Magouyrk, EVP of Oracle Cloud Infrastructure, to discuss our OCI business and how you can capitalize on this opportunity, including:
- OCI growth and key drivers of our momentum.
- The flexibility we provide customers to run in the cloud however and wherever they want.
- The advantages we deliver across industries to customers with high-performance compute use cases.
- The unique value provided through the combination of OCI, Oracle Cloud Applications, and Oracle Database.
Make sure to register and secure your spot now!You can share your input in advance through PartnerHelp or ask your questions during the live session. For those unable to attend live, we will also share the recording on the Partner Success in Action webpage.
Hope to see you there, Leah Yomtovian
Senior Vice President, Partner and Operations Strategy, Oracle
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