The growth in the cloud applications business has been driven by the Fusion Suite and NetSuite
SaaS business of Oracle witnessed double digit growth in the past few years, with a continued demand from across its SaaS portfolio including ERP, HCM, and CX solutions. For FY 2019 total revenue of the company was $0.45 Bn. Cloud Services and License Support revenue $26.7 billion, while Cloud License and On-Premise License revenues were $5.9 billion.
Oracle has been focusing on two strategic businesses-Cloud applications and Cloud Infrastructure. The growth in the cloud applications business has been driven by the Fusion Suite and NetSuite. Both Fusion and NetSuite are integrated suites of applications, including sales, service, human resources, financials, supply chain and manufacturing applications. The integrated suite approach to the cloud applications business is a primary reason for the very rapid growth in its cloud applications market share.
The Fusion ERP and HCM cloud applications suite revenues grew 32 percent in FY19, while NetSuite ERP cloud applications revenues also grew 32 percent this year. Its annual revenue in FY2019 was USD 450 Mn.
Some key highlights:
• Cloud continues to be the strategic focus • Introduced Autonomous Database • Bets on smarter CX
The next big highlight of the year for Oracle has been the introduction of Oracle Autonomous Database, which saw great market demand locally, especially for heavy-duty analytics workloads from the BFSI and Retail industries. Given the market leadership of the company in databases, Oracle Autonomous Database is likely to drive the next big growth leap in India along with its SaaS portfolio. Oracle also launched the new Gen2 Cloud Infrastructure that offers customers a compelling array of advanced technology features including Autonomous Database that automatically encrypts all your data, backs itself up, tunes itself, upgrades itself and automatically patches itself when a security threat is detected. It does all of this autonomously, while running without the need for any human intervention and without the need for any downtime.
Adding machine learning and cognitive interactions to traditional business processes and applications enables greatly improved user experience and productivity. Oracle embeds ready-to-use AI and machine-learning capabilities across Oracle’s SaaS, PaaS, and IOT services, including cognitive AI, analytics, data services, IT management, and security operations.
Oracle also announced general availability of Oracle Blockchain Cloud services across countries. The service allows organizations to easily build blockchain networks to drive more secure and efficient transactions and to track goods through supply chains on a global scale. Indian Oil has already adopted Oracle’s blockchain platform.
Oracle has piloted a Blockchain project with NITI Aayog, Apollo Pharmacy and Strides Pharma also to address India’s fake drugs problem. Some of the key customers signed up in the past year are Federal Bank, South Indian Bank, Codeinks, CRIF HIGHMARK, Huron Consulting, Save the Children, Apollo Tyres, Motherson Sumi, Sandhar Technologies, Cactus Communication, Oyo Rooms, Hindalco, IOCL, FabIndia, Karam Industries, Hyber, Servion, TribhuvanDas Bheemji Zaveri Jewelers, DHFL, Aurpbindo Pharmaceuticals, Oriental Insurance Company, Rallis India, HDFC Bank, Hindalco etc.
—SHAILENDER KUMAR Regional MD, Oracle