Oracle currently operates or is building 162 public and private cloud data centers globally, ranging from 45 kilowatts to 800 megawatts, according to Chairman and founder Larry Ellison. The company is also developing a gigawatt-scale data center powered by small modular nuclear reactors (SMRs).
At Oracle Cloud World and during an earnings call this week, Ellison announced that Oracle will “soon” start constructing data centers with capacities exceeding one gigawatt. One of these projects is already in the design phase, with Oracle having secured permits for three SMRs.
For Q1 of fiscal year 2025, Oracle reported revenues of $13.3 billion, marking a 7% year-on-year increase in USD and 8% in constant currency. Cloud services accounted for $5.6 billion (up 21% YoY in USD), while cloud and on-premise license revenues reached $870 million (up 7% YoY in USD). Infrastructure cloud services generated an annualized $8.6 billion, with OCI consumption revenue up 56%.
“As Cloud Services became Oracle’s largest business, both our operating income and earnings per share growth accelerated,” said Oracle CEO Safra Catz. “Non-GAAP operating income was up 14% in constant currency to $5.7 billion, and non-GAAP EPS was up 18% in constant currency to $1.39 in Q1. RPO was up 53% from last year to a record $99 billion.”
Catz continued, “That strong contract backlog will increase revenue growth throughout FY25. But the biggest news of all was signing a MultiCloud agreement with AWS—including our latest technology Exadata hardware and Version 23ai of our database software—embedded into AWS cloud data centers. AWS customers will get easy and convenient access to the Oracle database when we go live in December later this year.”
Ellison added, “In Q1, 42 additional cloud GPU contracts were signed for a total of $3 billion. Our database business growth rate is increasing as a result of our MultiCloud agreements with Microsoft and Google. At the end of Q1, seven Oracle Cloud regions were live at Microsoft with 24 more being built, and four Oracle Cloud regions were live at Google with 14 more being built. Our recently signed AWS contract was a milestone in the multi-cloud Era. Soon customers will be able to use the latest Oracle database technology from within every Hyperscaler’s cloud.”
At Cloud World, Catz highlighted Oracle’s cloud ecosystem interoperability: “When we built our cloud, we built it unlike anyone else. We have built our ecosystem so that we could reach you anywhere.”
Ellison concluded, “Every Oracle data center, from the largest to the smallest, is identical in features and functions; they only vary by scale. That means we have one suite of automation software that automates all of this. Nobody else does this. No one has that level of automation, that level of autonomy.”
