Oracle Q2 2014 Cloud Bookings Grow 35%; Partners Involved?

Grazed from TalkinCloud. Author: Joe Panetierri.

Oracle (ORCL), a Top 100 Cloud Services Provider in 2013, says cloud computing bookings grew 35 percent in Q2 2014. That sounds impressive but it’s unclear how much of that revenue involve channel partners and integrators driving customers toward Oracle’s cloud. New Oracle Channel Chief Rich Geraffo hasn’t said much to the media. But CEO Larry Ellison and President Mark Hurd both professed cloud success during an earnings call earlier today.

Hurd stated: "In Cloud, we had bookings growth of 35%, and saw excellent growth across all major product pillars. Fusion SaaS was even better with HCM, sales force automation and ERP, all up triple digits. We are adding customers at high growth rates, contract sizes are growing and hundreds of customers are now live Fusion SaaS."…

Added Ellison: "We are going to be cost competitive and price competitive at the infrastructure level while being highly differentiated at both the platform level and the application level. Already we have more enterprise SaaS applications than any other cloud services provider. We will continue to expand our footprint and use our size as an advantage."

Still, Oracle’s overall business isn’t growing all that much. Q2 2014 revenues grew 2 percent to $9.3 billion and net income fell 1 percent to $2.6 billion. The results beat Wall Street’s expectations…

Read more from the source @ http://talkincloud.com/cloud-services-providers/oracle-q2-2014-cloud-bookings-grow-35-partners-involved