Oracle: Continued Growth

Oracle: Continued Growth

first_imgOracle continues to amaze as another quarter passes with revenues again far exceeding analyst predictions. Oracle revenue shot was up 28 per cent to $5.31bn, from $4.16bn in Q2 2006 while global sales of Oracle software licences increased 38 per cent to $1.67bn for the quarter.Oracle President Charles Phillips reiterated that Oracle’s path of pursuing high-end specialized ERP verticals would ultimately propel Oracle past SAP while SAP’s strategy has turned to a strategy of pursuing small and medium sized companies in volume. So far it’s working. Oracle’s ERP segment is growing at a rate of 68% compared to SAP’s growth of just 15%. Oracle provided guidance of 15-25% growth in the upcoming quarter.Oracle’s chief financial officer Safra Catz said the company’s growth is at a point that is faster than at any point in the last decade. “We are seeing more deals and each deal is a little bigger,” she said.Over recent years Oracle has spent more than $25 billion in acquisitions. This quarter Oracle’s acquisitions were down significantly — on the order of a little over $100 million. But Oracle continues to keep BEA in their sight. An acquisition of BEA by Oracle would round out an undeniably strong lineup of middleware technologies.Formtek is an Oracle solutions partner.last_img

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