Oracle cloud business clocks triple-digit growth in India, says senior executive
By Team Startupcity | Friday, 16 September 2022, 09:01 IST
Oracle’s cloud business is growing in the triple digits in India on strong demand from private and public sector enterprises, a senior executive said.
India is the second largest centre for the US-based tech company with about 40,000 employees.
“…we are witnessing extremely great momentum for cloud in India,” said Kapil Makhija, vice president - technology cloud business, Oracle India.
The company is doing well in the Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) market, he added.
“Cloud technology has done significantly well, and Oracle’s India business has been a strong growth engine for the company – with the Oracle Cloud Infrastructure (OCI) unit clocking over 100% growth for the third year in a row,” Makhija said.
Earlier this year, OCI launched an OCI Dedicated Region, which allows it to offer public cloud services to customers on their premises.
“In the last eight months, we have catered to more cloud projects than we have in the last three years – across the private and public sectors. This momentum indicates the value that OCI has brought to customers as a result of speed of execution, performance, scalability and cost savings,” he said.
Oracle announced its first quarter results earlier this week.
Globally, it reported a revenue of $11.8 billion, up 23% in constant currency terms, while IaaS revenue was up 58% in constant currency at $0.9 billion.
Oracle continues to hire and focus on training people, not only within the organisation, but also across the client and partner networks, as well as students and the developer community, Makhija said.
Oracle has trained about 100,000 people on Cloud skills in India in the last 18 months, he added.
The company is currently building out a team that would not only support customers during the cloud migration phase, but also train their people on the skills needed.
“We are also helping our customers to hire the right resources so that the projects can be successful,” he said.
Oracle has two cloud regions, in Mumbai and Hyderabad, that are empanelled by the IT ministry.
These are running at full capacity with the company having doubled its cloud customer base in the last few years.
Makhija said Oracle would focus on the public sector, banking, financial services and insurance, manufacturing and IT/IT Enabled Services companies going forward.
Oracle currently works with over 15,000 customers in India across large, medium and small enterprises.
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