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. https://www.zdnet.com/article/oracle-updates-cloud-applications-as-saas-sales-builds-momentu
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ORACLE UPDATES CLOUD APPLICATIONS AS SAAS SALES BUILDS MOMENTUM
Oracle on Tuesday announced improvements to its suite of cloud applications, including the Oracle ERP Cloud, HCM Cloud, SCM Cloud and CX Cloud. With these updates, Oracle's customers will see more sophisticated functionality, including more machine learning-powered features.The enahncements are being announced at the Modern Business Experience conference, where Oracle will showcase the wide variety of customers using its app ecosystem."The point is not just the number of customers but also the breadth," Steve Miranda, EVP of applications product development at Oracle, told ZDNet. Across applications, he said, Oracle will tout both large and small customers, from multiple industries and geographic regions.Oracle also highlighted the range of customers using its applications last week, with the release of its third quarter financial results. Oracle reported that its apps ecosystem is growing at 7 percent, amounting to more than $11 billion in trailing 12 months revenue."We continue to grow revenue faster than market and we have an enormous opportunity ahead of us in ERP and HCM," CEO Mark Hurd said. STEPHANIE CONDON READ MORE