Oracle Corporation Crossed $1 Bn Cloud SaaS Revenue in FY 2013

23:16:00
The growing adoption of Cloud in the last five year and maturity in the segment prompted Oracle to redesign its strategy to mitigate any indirect hole between customer expectation and Oracle Software Licensing offering. Oracle during its Q4 FY13 release claimed that its Cloud SaaS which include HCM, ERP and ERP experienced healthy 50% growth and won 500 plus customers in Q4. Oracle also claimed that its Cloud SaaS segment crossed $1Bn yearly revenue run rate and positioned second. In FY2013, Cloud SaaS contributed only 10 % of total new software license and Cloud Subscription service. With growing acceptance of its Cloud SaaS subscription and vision to topple ranked one competitor, we should not be surprised with another round of acquisition by Oracle to strengthen its 2nd position while targeting for leadership position.

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