The company is witnessing high growth in the segment due to the impetus among enterprises on digital transformation
Oracle is confident of achieving a high growth momentum in India for cloud services and believes that it would continue to register a 25% quarterly growth rate. The company has set its sights on becoming the preferred cloud services provider for business across sectors in India.
The company, which saw global revenues of $11.4 billion with a year-on-year growth of 18% during the first quarter of the current fiscal year, also grew by 100% when it came to India’s cloud infrastructure unit. This is the third year in succession that the OCI unit in Indias has witnessed such robust growth.
Oracle India is on Cloud Nine
India became the top-performing region in this domain and appears on course to keep this momentum going, according to company officials who believe that the digital transformation initiative in the country would propel it further as Oracle is also continuously investing in product innovation and services.
The company is also building more solutions and partnerships to help customers get more options when they approach Oracle for digital transformation projects, which is obvious from the fact that OCI India saw growth across verticals. The company has more than 15,000 customers in the country across both large and small and medium enterprises.
And things could get even better
In fact, the officials believe that the growth could further improve as organizations have thus far managed to shift barely one-fifth of their work to the cloud. As customers get ready to shift most of their mission-critical functions on to cloud servers, Oracle could well be looking at doubling their revenues from this vertical in the next few years.
The company could also be looking at creating additional infrastructure as their data centers in Mumbai and Hyderabad are running at full capacity as a result of Oracle doubling its cloud customer base over the past few years.