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Oracle's revenue grows 30% in a 'stellar' quarter

Tuesday, September 26, 2006

"There's no doubt we're gaining share across all product lines," said Oracle's CFO, after a quarter where net income grew 29% and revenue grew 30% to $3.6bn.

Applications license revenue climbed 78% on a constant currency basis. CEO Larry Ellison noted that, in comparison, SAP saw its application license revenue grow a more modest 8%. Oracle's president claimed 88 head-to-head wins against SAP in the quarter.

Some commentators noted that, though impressive, Oracle's results may not persist. Unlike industries with huge fixed costs, competitors in the software industry can quickly gain and lose market share through new product launches and mergers.

Ovum noted that the integration of acquisitions such as PeopleSoft, JD Edwards, and Siebel now seem to have been accomplished, and that both Oracle and SAP are benefitting from the increasing symbiosis between the middleware and application markets.

SAP replied with a statement noting that it offers "market-leading SOA applications today, while Oracle's next-generation applications exist only in PowerPoint and won't be delivered until 2008 or beyond."

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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

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