Oracle India’s profits saw a decline of 12 per cent in 2013-14 to Rs 297 crore due to heavy discounts on its products,
Oracle’s rival SAP, which has been quite aggressive with its cloud push in the country on the other hand, said its cloud revenue in India is growing over 50 per cent y-o-y , while it posted a growth of 15 per cent in profit in the last fiscal. Microsoft, similarly , doubled its revenue to Rs 2,261 crore in the same ..
Oracle’s revenue grew 10 per cent in 2013-14. Cloud computing is seeing rapid adoption in India as customers choose to pay on a monthly basis instead of a lump sum amount. As per a recent Gartner report, the public cloud market in the country will treble to $1.9 billion by 2018. It has grown to over $638 million in 2014 from $470 million in 2013. Gartner expects India to be the fastest growing market for cloud adoption globally .