DQ Top 20 Rank 17 - Oracle India Business Surges, spearheading Cloud Revolution across Sectors 

Oracle witnessed increased cloud adoption in various sectors in India, including the public sector, telecom, banking, healthcare, manufacturing, and automobile industries, as well as emerging sectors. 

Oracle is known for its expertise in developing and selling computer hardware and software products and services. Founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates, Oracle has grown into one of the world’s leading providers of database management systems and enterprise software solutions. The company’s headquarters are located in Redwood City, California. 

Oracle’s India business has been a strong growth engine for the company – with the Oracle Cloud Infrastructure (OCI) unit clocking over 100 percent growth for the third year in a row. 

Oracle witnessed increased cloud adoption in various sectors in India, including the public sector, telecom, banking, healthcare, manufacturing, and automobile industries, as well as emerging sectors like e-commerce, retail, professional services, and startups. Oracle actively participates in India’s digital transformation projects, supporting initiatives like PM Gati Shakti, ONDC, UPI, modernization, and energy conservation through smart metering. OCI’s Gen 2 Cloud, known for its autonomy, security, and performance, has been increasingly adopted by Indian customers. 

Globally, Oracle’s OCI business grew by 59 percent, while its applications business grew by 45 percent in the second quarter of the 2022-23 financial year. In India, the cloud technology unit experienced exceptional growth at 100 percent, alongside a thriving SaaS business. 

Oracle announced its fiscal year 2022 fourth-quarter results, showcasing a strong performance across various metrics. Total quarterly revenues: US$11.8 billion (up 5 percent year-over-year in US$, and up 10 percent in constant currency). Cloud services and license support revenues: $US7.6 billion (up 3 percent in US$, and up 7 percent in constant currency). Cloud license and on-premise license revenues: US$2.5 billion (up 18 percent in US$, and up 25 percent in constant currency). 

For the entire fiscal year 2022, Total revenues: US$42.4 billion (up 5 percent in USD, and up 7 percent in constant currency). Cloud services and license support revenues: US$30.2 billion (up 5 percent in US$, and 6 percent in constant currency). Cloud license and on-premise license revenues: US$5.9 billion (up 9 percent in US$, and 12 percent in constant currency). 

Key wins 

• Oracle’s cloud-based blockchain service has been piloted by India’s Ministry of Commerce’s Logistics Division and Industry. This initiative aligns with the government’s national digitization agenda, aimed at enhancing the competitiveness of Indian businesses on the global stage. 

• IFFCO eBazar has successfully leveraged Oracle Fusion Cloud ERP to achieve greater efficiency in its operations, contributing to the growth of the agriculture sector. 

• Tata Motors has embraced Oracle Cloud Infrastructure to drive sales excellence, further strengthening its position in the automobile industry. 

• myTVS has integrated Oracle Fusion Cloud Applications, enabling the company to enhance business performance and streamline its operations. 

Oracle has introduced the ‘OCI dedicated region’ for the Indian market, allowing customers to access public cloud services on their premises while ensuring compliance with latency, data residency, and data sovereignty requirements. The dedicated region offers cost-saving benefits, requiring 60-75 percent less data center space and power, with an entry price of approximately $1 million per year for typical customers. 

Oracle continues to be a dominant player in the technology industry, delivering innovative solutions to businesses worldwide. With a strong financial performance and a commitment to enhancing customer experiences, Oracle strives to maintain its position as a leading provider of database management systems and cloud-based software solutions. The Oracle Happiness Report’s insights highlight the growing significance of humor in engaging consumers and fostering brand loyalty in the dynamic and competitive Indian market. 

Oracle’s growth in India highlights the pivotal role of cloud technology in digital transformation journeys. Globally, Oracle’s OCI business grew by 59 percent, while its applications business grew by 45 percent in the second quarter of the 2022-23 financial year. In India, the cloud technology unit experienced exceptional growth at 100 percent, alongside a thriving SaaS business.