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Oracle India is ramping up its engineering and product development team in India, with the opening of its 10th product development centre in Gujarat International Finance Tec-City, Gandhinagar.
Oracle invests $1.6 billion of its annual $5 billion R&D spend in its India product development centres, largely by way of salaries to R&D employees. In FY2015, Oracle hired more than 2,300 engineers for product development functions in India, of which 18 per cent were college graduates. The company will continue to hire as its business grows, said Thomas Kurian, product development president for Orcale.
India story Oracle opened its first product development centre in Bengaluru with 4 engineers in 1994 and has since grown its footprint across the country with its biggest sites located in Bengaluru and Hyderabad. Of the company’s 36,000-strong product development workforce globally, 10,000 engineers and developers are in India, making it Oracle’s second largest R&D workforce and one of its most strategic centres worldwide.
Stating that Oracle aims to become the world’s number one cloud provider, Kurian said, “Cloud is a brand new business for Oracle. We started product development in 2006-07, entered the market in 2012 and today it is over a $2 billion a year business for Oracle wherein over 70 million people in the world log in everyday into the Oracle Cloud. We also have a very fast growing engineered systems hardware business used by many large telecom companies and banks in India.”
Shailender Kumar, MD, Oracle India said growth in sales for FY2016 would be driven by demand from PSUs, BFSI, telecom and manufacturing companies.
Bribery charges When asked if bribery charges Oracle India was facing from the US Securities and Exchange Commission last October, which saw the sudden exit of Oracle India MD Sandeep Mathur, had been resolved, Kumar said “We had made it very clear then, that there was nothing to it, and whoever quit then did so of their own accord and there was no involvement from them as far as we are concerned.”
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