Friday, June 23, 2006
Oracle: Shopping Spree Finally Pays Off - Forbes.com
Oracle: Shopping Spree Finally Pays Off - Forbes.com: "New licenses for business applications, which help automate payroll and other administrative tasks, rose 83 percent to $641 million, from $350 million last year. Licenses in Oracle's more traditional group for databases and related software, which act like electronic filing cabinets, grew 18 percent to $1.48 billion, from $1.26 billion.
Besides PeopleSoft, Oracle has also swallowed up other former competitors, including Siebel Systems Inc. for $6.1 billion and smaller companies for about $2 billion. On Wednesday it closed its acquisition of Portal Software Inc. for about $220 million.
CEO Larry Ellison has said the takeovers will allow Oracle to increase profit by 20 percent per year and overtake competitors. Catz said the plan enabled Oracle's applications business to grow faster than Germany-based SAP AG, its so-called middleware business to grow faster than San Jose-based BEA Systems Inc. and its database sales faster than International Business Machines Corp. "
Besides PeopleSoft, Oracle has also swallowed up other former competitors, including Siebel Systems Inc. for $6.1 billion and smaller companies for about $2 billion. On Wednesday it closed its acquisition of Portal Software Inc. for about $220 million.
CEO Larry Ellison has said the takeovers will allow Oracle to increase profit by 20 percent per year and overtake competitors. Catz said the plan enabled Oracle's applications business to grow faster than Germany-based SAP AG, its so-called middleware business to grow faster than San Jose-based BEA Systems Inc. and its database sales faster than International Business Machines Corp. "
