India's SMEs willing to invest in Oracle data solutions
Updated: Jun 03, 2014 03:05:03pm
New Delhi, Jun 3 (KNN) Global software data giant Oracle is reaching out to India's small and medium enterprises which are showing more inclination to invest in the high-end solutions, a senior company official has said.
“More customers, mainly small and medium businesses in India are willing to buy software and services from larger players such as Oracle because they want to reduce the number of vendors they have to talk to,” Vice President of the geo-expansion programme at Oracle India, Yatin Kantak told the Financial Chronicle in Chennai.
On its part, Oracle plans to reach out to as many customers in the country and also to its existing base with new offerings, Kantak said.
Last year, the Indian software industry showed a 10 per cent growth which is considered the highest among BRIC countries.
Oracle is keen to capitalise on the opportunity by reaching out to customers, particularly those in the small and medium segment and cater to all growth areas, the report said.
“The demand for our products is growing across most industries in India. Our growth can be attributed to the full range of services and a few integration processes (post acquisitions and the new products and services that were added) that went well for us,” Kantak said.
He went on to say that the growth over the last year was mainly on the cloud and pay-per-use platform.
Oracle now has moved into the No.2 spot. While the size of the domestic market was worth USD 4.1 billion in 2013, Oracle grew 21.5 per cent to reach USD 504.6 million revenue, followed by IBM, which grew by 6.8 per cent to USD 446.6 million. (KNN Bureau)
“More customers, mainly small and medium businesses in India are willing to buy software and services from larger players such as Oracle because they want to reduce the number of vendors they have to talk to,” Vice President of the geo-expansion programme at Oracle India, Yatin Kantak told the Financial Chronicle in Chennai.
On its part, Oracle plans to reach out to as many customers in the country and also to its existing base with new offerings, Kantak said.
Last year, the Indian software industry showed a 10 per cent growth which is considered the highest among BRIC countries.
Oracle is keen to capitalise on the opportunity by reaching out to customers, particularly those in the small and medium segment and cater to all growth areas, the report said.
“The demand for our products is growing across most industries in India. Our growth can be attributed to the full range of services and a few integration processes (post acquisitions and the new products and services that were added) that went well for us,” Kantak said.
He went on to say that the growth over the last year was mainly on the cloud and pay-per-use platform.
Oracle now has moved into the No.2 spot. While the size of the domestic market was worth USD 4.1 billion in 2013, Oracle grew 21.5 per cent to reach USD 504.6 million revenue, followed by IBM, which grew by 6.8 per cent to USD 446.6 million. (KNN Bureau)
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