Amazon will soon surpass Oracle as the second-biggest enterprise software company, analyst says
Summary
Amazons cloud business will surpass Oracle as the second-largest enterprise software provider in the next 12 to 15 months, analyst Rohit Kulkarni of MKM Partners said. Oracles relational database has long been a staple in large enterprises that have to store massive amounts of data, and Amazon itself had been a huge customer. At the end of the third quarter Amazon had $27.4 billion in customer contracts longer than one year for services that had not been delivered, primarily for AWS, according to the companys most recent earnings report. Meanwhile, the company continues to challenge Walmart in commerce, and Facebook and Google in advertising, and FedEx and UPS in logistics, Kulkarni said. Consensus estimates from Refinitiv suggest that analysts do not see AWS overtaking Microsoft, the top enterprise software company, by revenue at least through 2021.
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