Thursday, October 19, 2006
SAP announces Q3 results, downplays Oracle earnings
SAP announces Q3 results, downplays Oracle earnings: "In September, Oracle announced that software revenues were up 29% to $2.7 billion with database and middleware revenues up 15% and applications revenues up a whopping 80%. Analysts speculated that the jump in license revenue was the result of a three year long acquisition spree during which Oracle has purchased 21 competitors including CRM giants PeopleSoft Corp. and Siebel Systems Inc.
SAP, which sought to play down those results during its earnings announcement, continues to lead Oracle in the business applications market by a wide margin, and says it has taken about 400 orders from Oracle since introducing its Safe Passage program, which gives Oracle customers substantial rebates for switching to SAP. "
SAP, which sought to play down those results during its earnings announcement, continues to lead Oracle in the business applications market by a wide margin, and says it has taken about 400 orders from Oracle since introducing its Safe Passage program, which gives Oracle customers substantial rebates for switching to SAP. "
