In 2016, Oracle launched its second-generation cloud, called the Oracle Cloud Infrastructure (OCI). This cloud architecture was specifically designed to cater to cloud workloads, from the ground up. Since its launch, OCI has rapidly grown, offering over 100 cloud services and supporting thousands of enterprise customers and over a thousand government customers across more than 60 datacenters worldwide.
The revenue generated by OCI is impressive, with an annual run rate of nearly $20 billion, outpacing the market. The growth of OCI's infrastructure business has been particularly remarkable, with a growth rate of 52% annually. This success can be attributed to Oracle's strong legacy in solving complex challenges for organizations worldwide, as well as its reputation for reliability, performance, and security.
