Oracle Cloud Infrastructure continues to make its mark as a hyperscale cloud provider, even though it remains small compared to Amazon Web Services, Microsoft Azure and Google Cloud.
But the Big Three might want to watch out.
For its fiscal second-quarter 2023 quarter, Oracle Cloud reported a 53% rise in revenue, reaching $1 billion. Infrastructure-as-a-service revenue alone hit 59%, up from 58% the previous quarter. And while the dollar figures doesn’t even come close to AWS’ recent $20.5 billion in revenue, Oracle Cloud’s growth rate percentage is almost double that of the world’s largest public cloud computing provider.
