Oracle Cloud Platform revenues up 60% YoY to $1.4 billion in FY17

Oracle today announced that it is gaining customer momentum across the industry’s most comprehensive cloud business. In FY17, Oracle Cloud Platform revenues were up 60 percent from FY16 to $1.4 billion.

Organizations including Advanced Drainage Systems, ARRIS, Australian Finance Group, Benchmark, Detroit Water and Sewerage, Immofinanz AG, Malmo stad, Marz Systems, Mebrom, Nuvias Group, Pernod Ricard Asia, Telesoft, and Total are the latest to choose Oracle Cloud Platform to speed innovation and deliver best-in-class customer experiences.

Just last week Oracle also announced the worldwide release of its Oracle Banking Payments solution.

Oracle Cloud Platform provides organizations with everything they need to build, deploy, and extend applications and run business-critical workloads in the cloud. Oracle’s PaaS helps enterprise IT and independent software vendor (ISV) developers rapidly build and deploy rich applications – or extend Oracle Cloud SaaS apps. Oracle’s IaaS delivers a comprehensive set of integrated, subscription-based infrastructure services that enable businesses to run any workload in an enterprise-grade cloud managed, hosted, and supported by Oracle.

Customer adoption of our Oracle Cloud Platform services is at an all-time high,” said Amit Zavery, senior vice president, product development, Oracle Cloud Platform. “We are committed to providing our customers with the most comprehensive, open, integrated, and differentiated cloud platform to help fuel innovation and redefine their businesses.

We were able to meet our goals of integration between cloud and on-premise applications, which are core to our business, in a very short time with Oracle Cloud Platform Integration solutions. We not only gained value in short time by reducing test and development time but also will have savings annually in IT expenses,” said Behshad Beheshti, Vice President of Information Technology at ARRIS. “The new system is more secure and agile, and we are excited that this system has met and exceeded our expectations.

Today’s environment is ultra-competitive, driven by nimble organizations born on cloud technology. They are driven to digitalize processes and disrupt the established,” said Andrew McGee, IT Manager, Australian Finance Group. “To compete we’ve rebuilt our home loan process on Oracle Process Cloud, Oracle SOA Cloud, and Oracle Content and Experience Cloud.


Read Also: