Global technology major Oracle is serious about cloud and even more serious about its growth in India, evident from the announcement of its first cloud data centre in the country to be launched over the next 6-9 months. This follows the launch of the GST-ready Oracle ERP Cloud in India aimed to help businesses prepare for the tax reforms, announced on the first day of the ongoing OpenWorld event in New Delhi.
The cloud data centre in India will help Oracle penetrate to the highly-regulated sectors such as BFSI, telecom, and government, Shailender Kumar, MD of Oracle India told BW Businessworld.
Over the coming months, Oracle will be reviewing proposals from government and business partners to provide customers with the capability to build and move workloads to an India-based cloud. "The services will offer uncompromised security and performance at a significant price advantage over both existing on-premises infrastructure and competitive cloud offerings," the company said in a release.
Oracle said its expanded infrastructure footprint is a result of tremendous customer demand. "Our customers and partners in India have trusted their businesses and mission-critical workloads to the Oracle Cloud for years," said Thomas Kurian, president of Product Development, Oracle. "With this expansion we will be able to further support customer choice adding to capabilities already available through deployments of Oracle Cloud at Customer, as well as other Oracle Cloud data center regions in Asia Pacific."
Oracle's cloud initiatives for the India market have been rather consistent over the last few years. For instance, to make it easier for organisations to move to the cloud, Oracle launched its Cloud At Customer offering last year which allows customers the flexibility to the put their data on-premise while being completely compatible with Oracle Cloud, providing the same services, performance, and scale.
Globally, Oracle's cloud business is driving its total revenue and earnings. In Q3 FY17, Oracle's total cloud revenues, including infrastructure-as-a-service (IaaS), were $1.2 billion, up 62 per cent in US dollars and up 63 per cent in constant currency.