{"id":474,"date":"2007-12-25T07:00:27","date_gmt":"2007-12-25T15:00:27","guid":{"rendered":"http:\/\/www.formtek.com\/blog\/?p=474"},"modified":"2007-12-25T07:00:27","modified_gmt":"2007-12-25T15:00:27","slug":"oracle-continued-growth","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/oracle-continued-growth\/","title":{"rendered":"Oracle: Continued Growth"},"content":{"rendered":"

Oracle 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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Formtek is an Oracle solutions partner.<\/p>\n

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Oracle 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…<\/span><\/p>\n

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