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by Jeff Moad, MA Editorial Staff
Posted on Wednesday, March 21, 2007 5:55:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Applications and middleware are growth leaders for Oracle, which gains ground on rivals SAP and BEA. |
| Keywords: | Oracle, SAP, ERP, database, enterprise resource planning, business software, BEA Systems, earnings. PeopleSoft, Siebel, middleware |
Continuing to outperform key competitors such as SAP AG, Oracle Corp. yesterday reported a strong, 35% increase in third-quarter net income and 27% growth in revenue. Oracle's results for the quarter, ended Feb. 28, 2007, exceeded the company's earlier guidance and were led by substantial gains in its applications business, which saw a 57% increase in application new license revenue and total software revenue growth of 36%. The third-quarter applications results benefited from Oracle's acquisition last year of Siebel Systems. Even excluding Siebel's results, Oracle would have seen a 32% jump in new applications license revenue for the quarter, Oracle President and CFO Safra Catz told analysts. Noting that arch-rival SAP reported a 7% increase in revenue for its most recent quarter, Oracle CEO Larry Ellison told analysts, "We have a good chance to catch and pass SAP in the overall applications business. We closed the gap and gained applications market share again this quarter." Ellison added, "SAP is still larger in the applications software business, but we're gaining on them consistently and rapidly." [Click to continue] |
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