By "Jim Lein, Oracle Midsize-Oracle" on Apr 17, 2015
Per our last earnings release, Oracle customers are adopting ERP cloud at the fastest rate ever. Today, I was reading this Forbes OracleVoice article, Yes, Larry Ellison's Oracle Is Now A Cloud Company in which the author states, “cloud is the fuel that is making the company’s motor hum…the more closely you look at the numbers, the more it becomes apparent that Oracle is firing on all cylinders in the cloud.”
Personally, I would have used the drive train of an electric car (think Tesla) for the metaphor. Electric cars =) cloud; internal combustion car =) on premise. Get it? Metaphor aside, in case you missed the numbers, Oracle reported last month that our cloud software as a service (SaaS) and platform as a service (PaaS) grew 30% to $375 million (33% in constant currency). Infrastructure as a service (IaaS) revenue was $155 million, up 32%.
Oracle ERP Cloud is particularly on a hot streak right now. More companies are ready for cloud ERP and understanding the benefits of it than ever before. Programs such as Oracle’s Customer 2 Cloud are speeding adoption.
Also, we’re now offering an extensive library of resources—process flows, thought leadership, whitepapers, customer experiences—to help plan your move to Modern Best Practice which exploits enabling technologies such as cloud, analytics, and mobile. Recognizing that ½ to ¾ of the modern buying process is completed before buyers contact a solution provider, we want to make sure you have everything you need during your discovery process to learn about Oracle and realize that we get cloud.
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Modern Best Practice exploits new capabilities made possible by cloud, mobile, social, analytics, big data, and IoT, making it possible for your organization to achieve more, faster and with fewer resources. It is flexible, supports growth and innovation, and enables new ways to achieve consistently superior performance.
The views expressed here are my own, and not necessarily those of Oracle.