Half of Oracle’s Cloud Customers are Net New in India

Oracle India is bullish about the growing cloud market in India as it has put all its strength to tap the cloud opportunity in India. At its CloudWorld event in Mumbai, Oracle has tried to put the limelight on all its cloud solutions through its existing customers. The company claims that it has won several customers in the last one year from all verticals – eCommerce, financial services, education, entertainment and others in India. Interestingly, its customers are not limited to large enterprises.

Oracle's cloud customers include SMBs, SMEs and large enterprises. “The company has been able to make inroads into all segments – small, mid and large through the strong solution lineup that addresses business problems. There are companies which use  our solutions for as low as 15 employees,” claimed Niraj Kaushik, VP – Applications at Oracle India.

"Oracle has scored significant customer wins in last few years for the cloud portfolio in India. While half of our customers are existing, half of them are net new. This is an encouraging figure for Oracle," revealed Shailender Kumar, Managing Director, Oracle India. Among its cloud customers in India are Birlasoft, iGate, Indiabulls, Kotak Life Finance, Pearson India, PolicyBazaar. PVR, Reliance Commercial Finance, Thomas Cook, among others. Oralce claims to be the number two cloud provider globally as it has cloud solutions across SaaS, PaaS, IaaS and DaaS. The company now calls itself the cloud company which is a big shift in the company's outlook.

In order to further augment company's cloud portfolio in the country, Oracle has already announced plans to hire close to 300 executives in India. "300 new executives will focus solely on strengthening cloud business in India. Their focus would be to engage customers and help them to use most of the product features so that they stick to us for a longer period," divulged Kumar.

Globally Oracle’s 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.