The Futurum Group's Ron Westfall examines why the new OCI features further strengthen Oracle’s expectation that the company’s cloud computing portfolio can attain an annual run rate of over $20 billion in fiscal year 2023, building on Oracle’s cloud businesses exceeding $16 billion in annualized revenue, reported during fiscal Q3 2023. The new cloud migration, workload security, and CDN features, in alignment with Oracle Database portfolio enhancements, can reinforce OCI’s key value proposition of right-sizing workloads according to specific customer requirements, moving the data industry away from predetermined inflexible workload parameters imposed by major providers.
