Oracle cloud business grew 30 percent to $375 million

BANGALORE, INDIA: Oracle India has announced that it is witnessing high 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.

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.

The Oracle Customer Experience Cloud (Oracle CX Cloud), which includes Oracle Sales Cloud, Oracle Service Cloud, Oracle Marketing Cloud, and Oracle Social Cloud, had the highest uptake in customer adoption and accounts for more than 50 percent of the company’s SaaS customer base.

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.

“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.

· In fiscal Q3 2015, Oracle’s SaaS and PaaS grew by 30 percent to $375 million while IaaS revenue was $155 million, up by 32 percent.

· SaaS, PaaS, and IaaS revenues totaled more than $1 billion in half a year, with a run rate of more than $2 billion per year.