Technology major Oracle has recorded 50 per cent y-o-y growth in cloud consumption in Q2FY24, as adoption across sectors grows in the region, said top company executives. Under its cloud infrastructure business (OCI), the Cloud@Customer offering grew 380 per cent y-o-y in Q2FY24, and the SMB business witnessed over 70 per cent y-o-y consistent growth in consumption for the past three years. are leveraging the Oracle cloud, giving the company diverse growth vectors. Within SaaS, ERP contributed 34 per cent growth in H1 FY24 y-o-y. Also read: Railway Ministry refers Oracle corruption case to CBIThe second quarter has been the third consecutive quarter of growth for Oracle Fusion Cloud Business.

Source: The Hindu February 13, 2024 15:53 UTC