“As Cloud Backups are done over the public Internet, their performance is highly
dependent on Internet network throughput – typically less than 1 MB/Sec per
connection. Additionally, Cloud vendors may also throttle sessions to prevent
individual users from consuming disproportionate amounts of resources.
According to internal tests conducted at Oracle, Amazon S3 limits an individual
session’s read/write throughput to around 2-3 MB/Sec. However by using the right
Oracle Database Backup in the Cloud Page 9
combination of parallelism and compression, backup speeds of up to 40-50
MB/Sec were attained. ”

Plenty fast for a great offsite backup solution! Can get a little pricy for terabytes of data, but a cheap for 100′s of gigs. May be a good solution for people in need of off site backups.