Oracle has welcomed multiple new IaaS customers, which signed billion-dollar contracts with the vendor in Q2.
While the vendor did not reveal any brand names – or the exact number billion-dollar wins – it has added these deals to its backlog.
As such, expect its cloud infrastructure business to receive a significant boost in 2023, which already boasts 22,000 customers.
These customers include big names like FedEx, Deutsche Bank, and the Tokyo Stock Exchange.
Pinpointing why these brands choose Oracle for IaaS, Larry Ellison, Chairman and Chief Technology Officer at Oracle, highlights its reliability and handling of complex workloads.
Sharing an example during a recent earnings call, Ellison said:
Nvidia moved, and a bunch of others have moved lots of AI, artificial intelligence, and machine learning workloads to the Oracle Cloud. Because it turns out, we're really good at that.
To support these claims, Ellison also points towards the Gartner Magic Quadrant for Cloud Infrastructure and Platform Services 2022.
In this latest edition, Gartner moved Oracle into the visionary quadrant for the first time.
The report, published in November, also commended Oracle's construction of a multi-cloud environment, which leverages its heritage in data warehousing and database tools.
One such database tool is its Oracle Exadata Cloud platform. United Airlines adopted the solution last quarter, migrating all data relating to its flight operations.
Albertsons and Mitsui have also adopted the platform.
Winning More Business With Its Microsoft Partnership
Alongside its more traditional routes to market, Oracle’s decision to make its database services available on Microsoft Azure is also helping it secure more business.
Announced in July, the move allows brands to build new apps on Azure before plugging them into an Oracle database to drive the maximum possible value.
Belgium Railways, Honeywell, and Telecom Italia are just some of the big-name businesses seizing upon this opportunity.
