After AWS outage, Larry Ellison says major customer told him Oracle's cloud 'never ever goes down'
," Ellison said. "And the note basically said the one thing we've noticed about Oracle, Oracle's cloud, is that it never ever goes down. We can't say that about any of the other clouds. We think this is a critical differentiator."for the fiscal second quarter. Prior to the close, the stock was up 38% this year, trouncing Amazon's 7% gain.
Taking a step back, Amazon has been the better bet for a long time, with AWS turning Oracle's cloud infrastructure business largely into an afterthought. Over the past decade, Amazon shares are up 1,700%, while Oracle's market cap has tripled. And in the latest quarter, revenue at AWS surged 39% to $16.1 billion. Oracle's revenue in the quarter rose 6% to $10.4 billion.