Marina Lyubimova
⬤ Oracle just wrapped up another strong quarter, and the numbers tell a clear story: businesses are spending more on cloud infrastructure. The company's IaaS revenue hit $4.1 billion in Q2, showing serious momentum compared to previous quarters. Looking at the trend, Oracle has climbed from barely $1 billion in early 2023 to over $4 billion now.
⬤ The growth rate itself is worth noting—Oracle's IaaS business accelerated from 55% to 68% year-over-year growth. That kind of pickup suggests companies aren't just moving to the cloud anymore; they're doubling down on it. Total cloud revenue reached $8.0 billion, with growth rates jumping from 28% to 34%.
The acceleration in both IaaS and overall cloud revenue reflects a broader shift toward cloud-based infrastructure and data services.
⬤ What makes this interesting is the consistency. Oracle isn't just having one big quarter—they're adding volume steadily as more enterprises adopt cloud services. The pattern shows Oracle is capturing a real slice of the cloud infrastructure market, where businesses are increasingly willing to spend on foundational services rather than just applications.
⬤ This matters because Oracle is proving it can compete in a space dominated by bigger names. The sustained acceleration suggests cloud infrastructure isn't slowing down, and Oracle's positioned to keep riding that wave as one of its core growth drivers going forward.
Marina Lyubimova
