Oracle, well on-course to be leader in SaaS in India

Oracle is on its way to become the world’s largest business applications company. The application revenues grew 11% y-o-y in fiscal 2018, up from 6% growth in fiscal 2017. Oracle is observing a substantial y-o-y growth in its Software as a Service (SaaS) revenues, making India one of the significant contributors to the Asia Pacific (APAC) revenues for Oracle. Prasad Rai, head and VP, SaaS, Oracle India, talks to FE’s Srinath Srinivasan on Oracle’s SaaS business in India, future of SaaS, acquisitions and more. Excerpts:

How is SaaS evolving as an industry? Where is the market today?
Industry is at a very interesting junction. We are moving to an entirely different place, primarily driven by Cloud and other emerging technologies like machine learning (ML), artificial intelligence (AI) , blockchain and mobility. Most importantly, corporations and enterprises, irrespective of the size, are willing to learn, adopt and experiment with these solutions today more than ever which