Oracle's $638B Cloud Backlog Tops Google’s $627B as Pax8 Partnership Launches
GOOG•Oracle's remaining performance obligations jumped 363% year-over-year to $638 billion, eclipsing Google Cloud's $627 billion backlog and highlighting mounting competitive pressure. Google and Pax8 unveiled a worldwide partnership to offer Chrome Enterprise Premium and Cameyo virtualization through the Pax8 Marketplace, expanding secure AI-powered solutions for MSPs and SMBs.
1. Oracle’s Cloud Backlog Surpasses Google
Oracle reported that its remaining performance obligations grew 363% year-over-year to $638 billion, exceeding Google Cloud’s $627 billion backlog and marking the largest order book among major cloud providers. This milestone underscores mounting competition in the cloud infrastructure market, with Oracle outpacing Google’s cloud backlog for the first time.
2. Google Partners with Pax8 to Expand AI Solutions
Google and cloud distributor Pax8 launched a global partnership to deliver Chrome Enterprise Premium and Cameyo virtualization solutions through the Pax8 Marketplace. The collaboration aims to equip managed service providers and their SMB customers with secure, AI-powered end-user computing experiences, broadening Google Cloud’s reach in the small and midmarket segments.
3. Strategic Implications for Google Cloud
These developments highlight both competitive pressures from Oracle’s growing backlog and Google’s strategic push into SMB channels. The Pax8 alliance could accelerate Google Cloud’s adoption among smaller enterprises, potentially offsetting headwinds from bigger rivals and supporting long-term revenue growth.
