Redwood Shores, Calif. – January 30, 2015 – In Q2 FY2015, quarterly sales for Oracle Enterprise Resource Planning Cloud (Oracle ERP Cloud) and Oracle Enterprise Performance Management Cloud (Oracle EPM Cloud) increased by 80 percent. This growth reiterates 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.
More than 600 enterprise and midsize companies worldwide have selected Oracle ERP Cloud and Oracle EPM Cloud to drive finance innovation and growth, including Transit Wireless, SoundCloud, Ringo Mobile, Communications Test Design, Inc., and lynda.com. Real estate leader RE/MAX was among those companies that recently selected Oracle ERP Cloud and Oracle EPM Cloud as part of a full suite of Oracle cloud services. With a global network of franchisee-owned and -operated offices and more than 90,000 sales associates, RE/MAX will rely on Oracle to help grow its business and meet regulatory reporting requirements as a newly listed public company.
“Our financial information has become transparent subsequent to our 2013 initial public offering,” notes Karri Callahan, acting chief financial officer and corporate controller, RE/MAX. “To support our ambitious growth strategy, we needed a more efficient finance system with embedded controls and extensive reporting capabilities. Oracle offered us pre-integrated, state-of-the-art cloud services. This was a compelling value, since we prefer to invest in technology innovations for our brokers and agents rather than maintaining separate systems.”
Oracle also added more than 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. lynda.com, a leading online learning company, is another innovative, fast-growing organization that selected Oracle ERP Cloud to scale its online learning business globally.
“We looked at major players and other vendors during our rather exhaustive evaluation process for the right cloud ERP solution, and ultimately selected Oracle for its superior analytics and reporting, and completeness of its offerings for our finance organization,” said lynda.com CFO Elaine Kitagawa. “We are growing quickly and expanding internationally. Oracle’s global functionality and scalable platform were major factors in our decision. Oracle is clearly committed to becoming the ERP vendor of choice for fast-growing companies like lynda.com, and we are excited to have Oracle as our partner in this growth journey.”
“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,” said Rondy Ng, senior vice president, Applications Development, Oracle. “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.”