Oracle announced 80 percent growth in cloud ERP and EPM solutions

Oracle has announced that quarterly sales of Oracle ERP Cloud and Oracle EPM Cloud increased by 80 percent. This growth highlights customers’ confidence that Oracle is best positioned to offer CFOs a complete, integrated suite of financial management, procurement, projects, and performance management cloud services, all designed to work seamlessly and securely together.

Speaking about the growth, Rondy Ng, senior vice president, Applications Development, Oracle, said, “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. 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.”

Oracle has also expanded the product portfolio with the addition of 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.