Oracle's revenue grows 30% in a 'stellar' quarter
{{date|September 26, 2006}}

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

Applications license revenue climbed 78% on a constant currency basis. CEO {{w|Larry Ellison}} noted that, in comparison, {{w|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 {{w|PeopleSoft}}, {{w|JD Edwards}}, and {{w|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 {{w|Microsoft PowerPoint|PowerPoint}} and won't be delivered until 2008 or beyond."

==Sources==

*{{source
|url    = http://rcpmag.com/news/article.aspx?editorialsid=7808
|title  = Oracle Profit Jumps 29 Percent 
|author = 
|pub    = Associated Press 
|date   = September 20, 2006
}}
*{{source
|url    = http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9003478
|title  = Oracle celebrates strong Q1, bashes SAP
|author = China Martens
|pub    = Computerworld 
|date   = September 20, 2006
}}
*{{source
|url    = http://www.amrresearch.com/Content/View.asp?pmillid=19778
|title  = Oracle Posts Its Best First Quarter in Years
|author = Jim Shepherd
|pub    = AMR
|date   = September 20, 2006
}}

{{publish}}
{{Archived}}

[[Category:Economy and business]]
[[Category:Computing]]
[[Category:United States]]
[[Category:North America]]
[[Category:Oracle Corporation]]
"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 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 JD Edwards, 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 in PowerPoint and won't be delivered until 2008 or beyond."
Economy and business Computing United States North America Oracle Corporation