Though Oracle often does not show up in tallies of global cloud infrastructure market share, registering about two-percent share. But Oracle says its cloud revenues are growing fast.
For the fiscal 2023 first quarter, Oracle reported cloud services and license support revenues were up 14 percent in U.S. dollars and up 20 percent in constant currency to $8.4 billion.
Cloud license and on-premise license revenues were up 11 percent in USD and up 19 percent in constant currency to $0.9 billion.
As with Microsoft’s cloud revenues, Oracle earns a mix of revenue from infrastructure services and application services. First quarter infrastructure as a service plus software as a service revenues were $3.6 billion, up 45 percent in USD, up 50 percent in constant currency.
But most of that was SaaS. First quarter IaaS revenue was $0.9 billion, up 52 percent in USD, up 58 percent in constant currency. SaaS revenue was $2.7 billion, up 43 percent in USD, up 48 percent in constant currency.
Historically, Oracle cloud revenue has been concentrated among smaller firms.
That could change as Oracle pushes multi-cloud support.
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