Oracle All Set To Double Its Customer Base In India

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Oracle cloud

The company stated that it is targeting all segments. They have products for banking, retail, telco, manufacturing, and the public sector, among others.

According to a report by LiveMint, Oracle is targeting to double its customer base in the country to 2,000 from its current base of close to 1,000 customers.

Arun Khehar, Senior vice president, Applications, Oracle ECMEA (Eastern Central Europe, Middle East & Africa) told the news daily that they have 1,000 customers in India. And they are expecting this to double as we go forward. With SaaS (software-as-a-service), they have the opportunity.

He further stated that in India, his prediction is in the next three years, as soon as the awareness increases and people start seeing the value, these numbers can multiply even further. A thousand people in India is no big deal.

He also added that they are targeting all segments. They have products for banking, retail, telco, manufacturing, and the public sector, among others.

Oracle said its Cloud Applications business in India has been experiencing double-digit growth for the past four years. This month, it reported that it’s fiscal 2020 Q2 total revenues were $9.6 billion, up to one per cent compared to Q2 last year. Cloud Services and License Support revenues were $6.8 billion, while Cloud License and On-Premise License revenues were $1.1 billion.

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