Oracle chief Charles Phillips emphasised the company’s ascendancy against rival SAP, as the US software maker posted numbers which revealed revenues and profits for its latest quarter had exceeded Wall Street expectations.
“We grew faster and took market share from SAP in every region around the world,” said Oracle President Phillips. “Historically Europe has been an SAP stronghold, but these results prove that we can compete everywhere.”
In Europe Oracle’s applications business grew 5% in constant currency compared with negative 27% growth for SAP in its most recent quarter, Phillips added.
For the quarter ended May 31, Oracle reported a revenue fall of 5% to $6.86 billion, but those numbers would have risen 4% if currency rates had been constant.
Software revenue dropped 3% and services revenue fell away by 16%. At fixed exchange rates, software revenue rose 6%, while services revenue fell 7%, the company stated.
For the year, Oracle produced revenue growth of 4%, topping $23.5 billion.
A solid maintenance business had helped the company weather the downturn, the pipeline for new software sales had expanded slowly over the past 90 days, while a major revamp of its Fusion line slated for next year should help drive future growth, the company suggested yesterday.
