Oracle India today announced that it is witnessing unprecedented demand for its cloud solutions in the country.
“Oracle’s Software as a Service (SaaS) business has seen the highest and fastest adoption rate till date, with Platform as a Service (Paas) close behind. This can be attributed to the company’s best-of-breed SaaS applications which are integrated with social, mobile, and analytic capabilities to help companies deliver the experiences they expect, the talent to succeed, and the performance the market demands,” said the statement issued by Oracle India.
Over the last few years, Oracle has acquired several hundred cloud customers in India, all using different Oracle Cloud solutions. Nearly 50 percent of its SaaS customers are net new.
Oracle Human Capital Management Cloud (Oracle HCM Cloud) customers constituted 32 percent of the SaaS customer base, while the remaining included customers using ERP in the cloud or PaaS, among others.
In India, some of Oracle’s cloud customers include Birlasoft Limited, iGate Global Solutions, Indiabulls, Kotak Life Insurance, Pearson India, PolicyBazaar.com, PVR Cinemas Ltd., Reliance Commercial Finance, Thomas Cook India Ltd. among others.
“We are upbeat about the momentum in cloud. The growth in this business is happening faster than our expectation. Oracle Cloud offers the broadest, most complete, and the most integrated set of cloud offerings in the industry. It’s a great time to be at Oracle and be part of the cloud business team – whether you are an employee, a customer, a developer or a partner,” said Shailender Kumar, Managing Director, Oracle India.
Oracle also unveiled its strategy to grow its cloud business in India, including hiring a dedicated sales force to only sell cloud solutions; signing-up and training new partners to make them cloud ready; and leveraging Oracle’s renewed focus on geo-expansion and public sector areas to expand the market and drive growth for cloud.