Customer momentum drives Oracle's Q3 growth

MUMBAI: Oracle Asia Pacific, a division of Oracle Corporation has announced strong revenue growth and customer traction during the third quarter of its FY06.

“Businesses across Asia continue to select Oracle products and services over competitive offerings to integrate their business systems, reduce total cost of ownership, and gain business insight and competitiveness,” according to an Oracle statement.

Oracle Asia Pacific reported total revenues of $458 million for Q3FY06 (ended February 28, 2006), an 8 per cent increase from Q3FY05. The Asia Pacific region accounted for about 13 per cent of total Q3 revenues worldwide.

In Q3FY06, Asia Pacific's applications new license revenues grew 52 per cent, compared with Q3FY05. Total new license revenues for Asia Pacific contributed 18 per cent of worldwide Q3FY06 new license revenues.

According to Derek Williams, executive vice president, Oracle Asia Pacific. “Companies across key industries and markets are looking to Oracle to provide innovative solutions, and better quality information, with less complexity and at lower cost. Many organizations are adopting Oracle's Fusion Architecture, technology and applications, as the foundation for a next-generation service-oriented architecture for their business. Greater business insight, agility, high availability and improved efficiencies are keys to driving our customers' business growth and competitiveness.”

Oracle continues to increase its presence and add to its 25,000-strong customer base in Asia Pacific. In Q3FY06, Oracle announced plans to expand its footprint in the high-growth markets of India and China by establishing a presence in nine non-metro cities in India and 26 cities in China.

Oracle is currently operating in six cities in India and four cities in China. This expansion will enable Oracle to address new market opportunities, promote growth in the local economies and accelerate development of the local software industry.

Oracle is growing its partner footprint across Asia Pacific to support its expanding business. In order to boost its 1,700-strong partner base, Oracle is actively recruiting partners to the Oracle PartnerNetwork to address new opportunities in key markets and to offer product and industry consulting, development and implementation expertise to customers and prospects.

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