Oracle ERP Cloud Recognized as the Only Leader in Gartner Magic Quadrant Report

REDWOOD SHORES, Calif., Jan. 29, 2019 /PRNewswire/ -- Oracle (NYSE: ORCL) today announced Oracle ERP Cloud has been named a Leader in Gartner's Magic Quadrant for Cloud ERP for Product-Centric Midsize Enterprises research report. Out of 14 products evaluated, Oracle ERP Cloud is listed as the only Leader in the Gartner analysis. A complimentary copy of the report is available here.

Gartner notes that "Leaders demonstrate a market-defining vision of how ERP product-centric systems and processes can be supported and improved by moving them to the cloud. They couple this with a clear ability to execute this vision through products, services and go-to-market strategies. They have a strong presence in the market and are growing their revenues and market shares. In the cloud ERP suite market, Leaders show a consistent ability to win deals with organizations of different sizes, and have a good depth of functionality across all areas of operational and administrative ERP. They have multiple proofs of successful deployments by customers based in their home region and elsewhere. Their offerings are frequently used by system integrator partners to support business transformation initiatives."

"Our focus on creating a complete and innovative financial, operational, manufacturing and supply chain solution delivered natively on the Cloud is helping organizations of all sizes and across all industries drive better business outcomes," said Rondy Ng, senior vice president, Oracle Applications Development. "We are proud to deliver on our promises for Oracle ERP Cloud and are very pleased to be recognized by Gartner as the sole Leader in this report. We believe this acknowledgement further validates Oracle's commitment to delivering continuous innovation in our market-leading ERP Cloud for our customers."

Oracle ERP Cloud includes complete ERP capabilities across Financials, Procurement, and Project Portfolio Management (PPM), as well as Enterprise Performance Management (EPM), and Governance Risk and Compliance (GRC). Together with Supply Chain Management (SCM) and native integration with the broader Oracle SaaS portfolio for Human Capital Management (HCM) and Customer Experience (CX), Oracle offers customers a practical, business-driven, rapid adoption path forward.

Oracle's broad portfolio of financial management and planning cloud offerings have garnered industry recognition. Oracle ERP Cloud was named a Leader in Gartner's most recent "Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises", while Oracle was also positioned in the Leaders quadrant for the 2018 "Magic Quadrant for Cloud Financial Planning and Analysis Solutions" and in the 2018 "Magic Quadrant for Cloud Financial Close Solutions."

Gartner, Magic Quadrant for Cloud ERP for Product-Centric Midsize Enterprises, Mike Guay, John Van Decker, et al., 31 October 2018. Gartner, Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises, John Van Decker, Robert Anderson, Mike Guay, 29 May 2018. Gartner, Magic Quadrant for Cloud Financial Planning and Analysis Solutions, Christopher Iervolino, John Van Decker, 24 July 2018. Gartner, Magic Quadrant for Cloud Financial Close Solutions, John Van Decker, Christopher Iervolino, 26 July 2018.

Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

SOURCE Oracle

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