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Wednesday, December 19. 2007

Oracle's Q2 Goes Vertical in More Ways than One

Oracle's Q2 profits blew away analysts estimates by posting a 36% per share gain and sales of new licenses for database and middleware sofware were up 28%. Oracle's president, Charles Phillips put SAP squarely in their sights by saying, “We like our growth strategy of expanding beyond ERP into high-end industry specific vertical software in contrast to SAP’s strategy of moving down market to sell ERP systems to small companies." It was followed up by a statement by CEO Larry Ellison who then shifted the target to IBM, "We continue to take market share from IBM in both product categories," referring to database and middleware solutions.

Posted by Joe Francica in Oracle at 17:53 | Comments (0)

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