Oracle will announce more autonomous cloud services over the next few months, said CTO Larry Ellison on the company’s third quarter fiscal 2018 earnings call today.
In addition to its “fully-autonomous, self-driving database,” which is now available in the Oracle Cloud, the company will also add autonomous “analytics, mobility, application development, and integration services” to its platform-as-a-service (PaaS) offerings, Ellison said.
“Oracle’s new suite of autonomous PaaS services delivers an unprecedented amount of automation and cost savings to our customers,” he added. “It reduces cost by reducing human labor and improves reliability and security by reducing human error. No other cloud provider has anything like it.”
Neither Ellison nor CEOs Safra Catz and Mark Hurd provided any additional information about these soon-to-launch autonomous cloud services on the conference call with investors. But it’s likely we’ll find out more later this month at a company event titled “Your Autonomous Future is Here.” Ellison and Hurd are both speaking at the event, which will be held at the company’s Redwood Shores, California headquarters.
Meanwhile, the company’s total revenues increased 6 percent, to $9.8 billion, compared to third quarter last year.
Cloud and on-premises software revenues grew to $8 billion, up 8 percent year-over-year. Cloud software-as-a-service (SaaS) revenues were up 33 percent, to $1.2 billion, while cloud PaaS and infrastructure-as-a-service (IaaS) increased 28 percent, to $415 million.
Total cloud revenues grew 32 percent to $1.6 billion.
Katz said she expects to see Oracle cloud revenue (including SaaS, PaaS, and IaaS) grow between 19 percent and 23 percent in the fiscal fourth quarter. But this guidance fell short of analysts’ expectations, which were looking for more than 27 percent cloud growth in Q4.
Oracle shares dropped more than 6 percent in after-hours trading by the end of the earnings call.