Tag Archives: PaaS

Oracle Stock Rises on Cloud Surprise

Stockbrokers were taken by surprise by Oracle’s Cloud revenue when Oracle announced quarterly results last week, and Oracle stock duly jumped by seven percent. It has fallen back somewhat since but is still up three percent.

ORCL

(source: Yahoo Finance)

Oracle Cloud revenue is up by 63% and now makes up 13% of Oracle’s $9.3 billion quarterly revenue. It is not clear how much of this is the “cloud credits” that is reportedly bundled into renewal and new on-premise deals. It will be interesting to see if customers find a good use for these credits and will buy more once they are used up.

As an ERP and database company, it would make the most sense for Oracle to push their strong SaaS and PaaS offerings. SaaS and PaaS currently make up 85% of Oracle cloud revenue, but they have decided to try to muscle into the already-crowded market for commodity computing services. With $195 million of IaaS revenue, it doesn’t make much sense for Oracle to try to catch up to Amazon’s $3.5 billion.

Oracle PaaS Partner Community Forum 2017

In two weeks, I’m off to Croatia for the Oracle PaaS Partner Community Forum. The agenda covers a lot of the Oracle PaaS cloud services:

  • SOA Cloud Service
  • Integration Cloud Service
  • API Cloud Service
  • Java Cloud Service
  • Application Builder Cloud Service
  • Developer Cloud Service
  • Application Container Cloud Service

I’m looking forward to seeing the latest improvements to the Oracle Cloud services and hearing from my fellow ACE Directors who have actually used them.

This event is free for Oracle partners who are members of one of the EMEA Oracle partner communities. The conference runs from March 27 to March 29 with optional hands-on workshops on March 30 and 31. There might still be spaces left – check the registration page at http://tinyurl.com/paasForum2017.

If you can’t make it to Croatia, and you have a burning question about Oracle PaaS Cloud services, feel free to comment and I’ll try to have your question answered by one of the knowledgeable presenters there.