Oracle has revealed its revamped Cloud strategy and go-to-market plan, aiming to bolster business deals in Indian cloud market.
Oracle’s strategic repositioning seeks to redefine industry paradigms, with traditional sectors like BFSI, telecom, and public services witnessing continued growth, while emerging sectors such as healthcare, manufacturing, education, and telecom are increasingly leveraging Oracle Cloud, thereby positioning the company as a key player in accelerating India’s digital journey.
Key Growth Figures in India:
Oracle Cloud Infrastructure:
# Achieved 50 percent year-on-year growth in cloud consumption in Q2FY24
# Witnessed 380 percent year-on-year growth in Cloud@Customer offerings during Q2FY24
# Demonstrated over 70 percent year-on-year growth in SMB business consumption for the past three years
Oracle Applications:
# Recorded double-digit growth in Fusion applications during H1FY24, with continuous momentum following a 43 percent growth in Q4FY23
# Within the Software as a Service (SaaS) segment, ERP cloud business emerged as a significant growth driver, contributing to a 34 percent growth in H1FY24
# Q2FY24 marked the third consecutive quarter of growth for Oracle Fusion Cloud Business
# Garnered 28 percent of revenues from net new customers during Q2FY24
# Achieved an overall growth of 13 percent in Q2FY24, with core ERP growth standing at 14 percent
Oracle’s recent advancements in generative AI strategy, spanning cloud infrastructure, applications, and platforms, address critical challenges faced by customers. The company’s Oracle Cloud Infrastructure (OCI), Oracle Cloud Applications, and Industries solutions portfolio play a pivotal role in driving digital transformation in India, catering to the heightened demand for modernization, AI-powered technologies, multi-cloud and hybrid cloud environments, data security, efficiency enhancement, and accelerated time-to-market.
Significant Customer Wins:
Notable customers adopting Oracle Cloud Infrastructure include CRIF High Mark, Max Life Insurance, Lulu Group, TVS Credit Services, Tata AIG, Motherson Sumi, and Bharti Airtel.
Oracle Fusion Cloud Applications have been embraced by leading entities like Jubilant FoodWorkS, Jindal Pipes, Grasim Industries, Mphasis, Tech Mahindra, TCS, and HDFC Credla.
