In the second quarter of fiscal year 2015 - which ended November 30, 2014 - quarterly sales for Oracle Enterprise Resource Planning Cloud (Oracle ERP Cloud) and Oracle Enterprise Performance Management Cloud (Oracle EPM Cloud) increased by 80%, according to Oracle.
More than 600 enterprise and midsize companies worldwide have selected Oracle ERP Cloud and Oracle EPM Cloud to drive finance innovation and growth, including Transit Wireless, SoundCloud, Ringo Mobile, Communications Test Design, Inc., and lynda.com. In addition, real estate company RE/MAX recently selected Oracle ERP Cloud and Oracle EPM Cloud as part of a full suite of Oracle cloud services. With a global network of franchisee-owned and -operated offices and more than 90,000 sales associates, RE/MAX will use Oracle to help grow its business and meet regulatory reporting requirements as a newly listed public company.
According to Oracle, this growth demonstrates customers’ confidence in Oracle to provide a complete, integrated suite of financial management, procurement, projects, and performance management cloud services, all designed to work seamlessly and securely together.
Oracle said it also added more than 250 new Oracle ERP Cloud and Oracle EPM Cloud customers in Q2 FY2015—150 of which were net new and replaced their legacy solutions with Oracle ERP Cloud.
“The growth of Oracle’s ERP and EPM cloud offerings reflects the investment we’ve made to build solutions that work together seamlessly in the cloud and that anticipate the needs of CFOs,” said Rondy Ng, senior vice president, Applications Development, Oracle. “CFOs are turning to Oracle for our advanced reporting and analytics, global functionality and scalability, and seamless integration. It’s a decision that helps CFOs reduce costs while providing their organizations with a clear path to the cloud.”
More information is available about Oracle Enterprise Resource Planning Cloud (Oracle ERP Cloud) and Oracle Enterprise Performance Management Cloud.