London software testing news UK

Oracle top market expectations

Posted in Acceptance testing by testing in London on June 25, 2009

From Internet News

Oracle have topped Wall Street expectations for its fourth quarter, shrugging off the persistent economic malaise gripping the IT industry to post impressive numbers.

“We grew faster and took market share from SAP in every region around the world,” Oracle President Charles Phillips said in a statement. “In Europe, our applications business grew 5 percent in constant currency versus negative 27 percent growth for SAP in their most recent quarter. Historically, Europe has been an SAP stronghold, but these results prove that we can compete and beat them everywhere.”

The company also challenged database competitor Teradata.

“The Exadata Database Machine is well on its way to being the most successful new product launch in Oracle’s 30-year history,” Oracle CEO Larry Ellison said in a statement. “Several of Teradata’s largest customers are performance-testing — then buying — Oracle Exadata Database Machines.”

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