Expect another data centre in Hyderabad by 2020: Oracle

"We have customers such as IDFC First Bank, Bajaj Finance, Airtel and All India Institute of Technical Education. They all use our cloud applications. But where there is personally identifiable information (PII), it is important that we have the data resident in India and that is the reason why we believe with the SaaS solutions in the data centre, we can actually go and talk to pretty much any organisation whether they be in public sector or in the private sector with our solutions," Rai said.

Further, he said, "In India, our SaaS business is growing strong double-digit number for four years on a trot and our SaaS solution is growing 33 percent faster than the competition and we are actually increasing our market share Year-on-Year (YoY) as far as the SaaS solutions are concerned."