Is Oracle's cloud growth a worry for Indian IT?

There has been a sharp rise in Oracle's software-as-a-service business

Enterprise software major Oracle’s big push towards cloud-based services may further hit Indian IT firms. 

Companies such as Infosys, TCS, Wipro, Cognizant implement business software applications for clients of the California-headquartered firm and have seen this business earning them significant revenue. 

For example, consulting and package implementation together account for nearly 30 per cent of Infosys’ revenues. Tata Consultancy Services, India’s largest IT services firm, gets about 18 per cent of its total revenue from enterprise solutions and consulting business. 

With a sharp rise in Oracle’s software-as-a-service business and decline in license revenue, analysts say, revenue of Indian IT services