Tuesday, July 18, 2006
E-Commerce News: Wall Street: SAP Misses Targets, Opens Door for Oracle
E-Commerce News: Wall Street: SAP Misses Targets, Opens Door for Oracle: "Revenue for the quarter was estimated at about US$2.8 billion, an increase of 9 percent over the year before.
CEO Henning Kagermann said SAP appeared to have lost about 1 to 2 percentage points of market share during the quarter.
Though he didn't single out Oracle as the beneficiary, Oracle's own upbeat earnings figures suggest it is making headway. SAP has eschewed Oracle's strategy of buying large firms, instead focusing on growing organically and through smaller acquisitions, he added."
CEO Henning Kagermann said SAP appeared to have lost about 1 to 2 percentage points of market share during the quarter.
Though he didn't single out Oracle as the beneficiary, Oracle's own upbeat earnings figures suggest it is making headway. SAP has eschewed Oracle's strategy of buying large firms, instead focusing on growing organically and through smaller acquisitions, he added."
