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Oracle logs 50% growth in cloud consumption in India, unveils new capabilities
New Delhi:  Oracle on Tuesday said that it clocked 50 per cent growth (year-on-year) in cloud consumption in India in the second quarter of FY24, as Cloud@Customer offering grew 380 per cent YoY in the same quarter. The small and medium business (SMB) business has witnessed over 70 per cent YoY consistent growth in consumption for the past three years, the company said during an event in Mumbai. “Fusion applications saw a double-digit growth in the first half of FY24. Within software-as-a-service (SaaS), ERP cloud business was a big growth driver, contributing 34 per cent growth in the first half of FY24 (YoY), the company informed. In Q2 FY24, Oracle gained 28 per cent revenues from net ne

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