Oracle India has seen over 50 per cent year-on-year (y-o-y) growth in its cloud infrastructure business in FY25 — across IaaS, PaaS, and Database Services — says its Vice-President of Technology Cloud, Premalakshmi PR.
“We signed up with 65 new logos in H1 and our AI wins alone contributed to roughly 30 per cent of our bookings. Overall, the momentum has been good. We also see traction across all industries — banking and financial services and insurance (BFSI), NBFCs and cooperative banks. We are also capturing new markets like digital natives, fintech, e-commerce and retail, and continue seeing demand and momentum with customers leveraging OCI for various cloud transformation projects,” she said.
Oracle also sees a good amount of acceleration in the modernisation of projects in the public sector and the government. The company supports over 85 public sector organisations in India with its cloud infrastructure and applications.
The top industries contributing to growth in OCI are financial services, manufacturing, public sector, professional services/ IT, and ITeS.
Emerging leader
India continues to be an emerging and growing market for Oracle, Premalakshmi said. “A large amount of our global development happens from the development centres in India. This includes OCI development, SaaS development and the products we bring to the market, both on our cloud and SaaS portfolio.”
Premalakshmi also observed that AI is becoming a key driver for Oracle from a cloud momentum standpoint, with the company leveraging the GenAI opportunity in the market and partnering with enterprises for multiple large deals that we are partnering across industries.
“Oracle brings AI to every layer in its stack, specifically from its OCI stack standpoint. Whether it is the infrastructure and database layer or our platform services — the gen AI services and partnerships, Oracle has embedded AI across the stack. In the application stack, AI is built into our fusion and industry-specific applications in their business processes to transform productivity to a high level,” she explained.
The company also partnered with ISVs like Nvidia, Cohere and Meta, who bring their AI services and models on OCI, available as managed open-source models for customers to leverage these AI services on their data.
Combined efforts
From an India market standpoint, she said that many customers have been leveraging the Oracle database, where their data resides. By leveraging OCI’s gen AI services with some of the company’s open-sourced models or proprietary LLMs, they can bring these AI models closer to the data and be tailored to meet their business requirements.
“Customers can combine the Oracle data capabilities with the AI or gen AI services and bring in and probably deliver better insights.”
Last year, Oracle also announced multi-cloud partnerships with GCP, Azure, and AWS, allowing customers to choose how to consume OCI.
“Whether public or hybrid cloud, where we bring part of our OCI into customer data centers, multi-cloud or a dedicated region, a distributed cloud strategy is something our customers love because it gives them flexibility and a deployment model choice for how to leverage cloud efficiently. This will be a huge driver of growth.”
While the company started with the Oracle interconnect for Azure in Mumbai, it will bring in Oracle database services — Exadata cloud service and autonomous services within the Azure and Google data centres in India.
Oracle began its operations in India 32 years ago, with the country being one of Oracle’s largest research and development (R&D) markets outside of the US. The company has about 50,000 employees in the country.
