Oracle India eyes SMEs for growth
The company plans to offer cloud applications, platform, and infrastructure services to small businesses
Global software major Oracle looks to tap small and medium businesses in India through its dedicated digital hub in Bengaluru. The US-based company said it would help a large chunk of the 51 million businesses in India transform their operations to cloud through the second global digital hub after Dublin in Europe. Four other similar hubs would come up in Sydney, Singapore, Seoul and Beijing soon.
Oracle said it would provide cloud applications, platform, and infrastructure services as standalone and packaged products to small businesses through a subscription and pay-as-you-use model. While small businesses can buy cloud applications and other solutions completely online, the company said the 200-odd team in Bengaluru, comprising sales team and software engineers, would participate in the cloud transformation journey of start-up and small and mid-size businesses (SMBs).
Shailender Kumar, regional managing director (MD), Oracle India, said that the company has recruited “customers success managers” to implement cloud solutions and applications faster in the clients’ businesses.
The company has witnessed a major shift in its business globally with faster turnaround in digital technology business through higher cloud growth. Oracle’s traditional software services business remained static, while revenues from new software licensing declined four per cent during the fourth quarter (March to May 2017).
Safra Catz, chief executive officer, Oracle said during a fourth quarter earnings call on June 21 that “total cloud revenues in the quarter were $1.4 billion, up 66 per cent from last year, while total onpremise software revenues were $7.5 billion — essentially unchanged from last year”.
“There are over 51 million SMBs in India, many of them have not worked with Oracle or used cloud before. They now have access to the modern solutions in the market, available online, direct via the hub and through our expanded end-to-end ecosystem, working with the vast network in India. The increased choice in cloud technology will help accelerate their ability to innovate and grow faster,” said Kumar.