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Oracle India’s cloud business grew 58% year-on-year in Q1, driven by growing demand for AI and new public sector clients.
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The company added 10 new public sector clients and saw a 79% CAGR in SMB business over the last three years.
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Oracle’s global cloud services revenue increased 21% to $5.6 billion in Q1, with cloud licence and on-premise licence revenues up 7%.
Oracle India’s cloud business has seen significant growth, with a 58% year-on-year increase in the quarter ended August 31. This growth is driven by increasing demand for artificial intelligence (AI) and the addition of 10 new public sector clients.
The company’s cloud consumption has grown significantly, with a 79% compound annual growth rate (CAGR) in small and medium business (SMB) over the last three years. Oracle’s vice president, Technology Cloud, Premalakshmi PR, attributed this growth to government initiatives embracing Oracle Cloud Infrastructure (OCI).
Oracle’s global cloud services revenue increased 21% to $5.6 billion in Q1, with cloud licence and on-premise licence revenues up 7%. The company’s customer experience (CX) business grew 38% year-on-year, and enterprise resource planning (ERP) business 12%. Key clients include Max Life Insurance, Muthoot Fin Corp, Fortis, and Apollo.
Oracle is expanding its ERP software offering, NetSuite, in India, targeting the mid-market segment. The company plans to add two new data centers in India by 2025 and is aggressively expanding its presence in smaller cities through its partner network.
