Oracle's revenue grows 30% in a 'stellar' quarter
Tuesday, September 26, 2006
Applications license revenue climbed 78% on a constant currency basis. CEOnoted that, in comparison, 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, , and 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 inand won't be delivered until 2008 or beyond."
- "Oracle Profit Jumps 29 Percent" — , September 20, 2006
- China Martens. "Oracle celebrates strong Q1, bashes SAP" — , September 20, 2006
- Jim Shepherd. "Oracle Posts Its Best First Quarter in Years" — , September 20, 2006