Oracle co-CEO Mark Hurd touted the advantages and rapid growth of cloud-based HR software and financial management tools and released statistics to illustrate the vendor’s sharp increases in sales stemming from the applications.
Hurd gave separate keynote speeches at Oracle HCM World and Modern Finance Experience at separate hotels in Boston, and then spoke with media and analysts to cap the day. Oracle is hosting the two conferences at nearby hotels in Boston — one for HR users and the other for users of financial management tools. Attendees also include users of Oracle’s on-premises applications, such as PeopleSoft and E-Business Suite.
Hurd said Oracle’s cloud-based HR sales rose more than 100% during Oracle’s quarter that ended Feb. 28, compared with the same quarter last fiscal year, and the vendor won 206 new customers and 217 expansions. In cloud-based ERP, Oracle’s quarterly sales grew 280%, with 564 new customers, not including those from the recent acquisition of NetSuite, and 120 expansions.
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