For Oracle, India is set to record the highest growth among Asia-Pacific (APAC) countries this fiscal ending May, with Software as a Service (SaaS) contributing the lion’s share.
“The last three years have been very good for us on various fronts in India, and this year also we expect India to be among the highest growth markets in the APAC,” Yen Yen Tan, President (Applications), Oracle APAC told Business Line in an interaction.
For the Nasdaq-listed company, the fiscal year runs from June to May.
Tan was comparing performance across five regions – Australia and New Zealand, Greater China (China, Taiwan and Hong Kong), ASEAN and Korea, for which she is responsible. However, Tan, who joined the company three years back, did not provide specifics of the growth expected from India.
DIFFERENT VERTICALS
While growth in India is expected from different verticals and fronts, SaaS is expected to contribute much to the company’s revenues. SaaS or ‘on-demand software’ is a software delivery model, wherein software and associated data are centrally hosted on the cloud (a metaphor for the Internet).
Oracle, which is also focusing on SaaS, recently acquired business from online firms such as Comviva, Flipkart and Bookmyshow among others.
“There is a lot of interest from across markets in adopting SaaS-based solutions, and one reason is the surge in e-commerce business in India,” she added.
Telecom, banking, financial services and insurance (BFSI), manufacturing, automobile, pharmaceuticals and life science are the verticals the company will focus on here.
Social Engagement and Monitoring, social marketing, Big Data, analytics, mobility, small and medium enterprises and customer experience are the other areas where the company is expecting growth.
Australia is way ahead of others in maturity and adoption of cloud computing in the APAC region, while India ranks either second or third in the region.
rajesh.kurup@thehindu.co.in