Oracle announced increased demand for its second-generation cloud services in the country, as more and more Indian organizations seek to drive a rapid return to growth. Amongst those subscribing to Oracle’s best-in-class cloud applications and cloud infrastructure include Polycab, Religare Broking, Mphasis, Omega Healthcare, Nippon Life India Asset Management, GTPL Hathway, IFFCO, Lipi Data Systems, Infocepts, RXIL and ARCIL.
Stated reasons for this large-scale migration to Oracle include much better price-performance of Oracle’s second-generation cloud infrastructure vis-à-vis their experience of using cloud services from other technology providers. Oracle’s complete cloud offerings across applications and infrastructure, and its enterprise-grade security and performance offered out of two local Cloud regions in Hyderabad and Mumbai, as well as 29 others worldwide, are also seen as critical by Indian organizations wanting to accelerate their digital journey and future-proof
Ellison pledges data center build out after a Q2 when demand outstripped supply for Oracle Cloud Infrastructure
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Summary:
Oracle turns in a steady Q2 as Larry Ellison flags up ERP successes and OCI demand outpacing capacity.
Oracle turned in Q2 numbers with total revenue up two percent year-on-year to $9.8 billion with a net income of $2.44 billion, up from a comparable $2.31 billion last year, as demand outran capacity for the firm’s Oracle Cloud Infrastructure (OCI) offering.
Cloud services and license support revenue was up 4% to $7.1 billion, but cloud license and on-premises license revenue fell 3% to $1.09 billion. Hardware was also down 3% to $844 million while services revenue fell 7% to $752 million.