Oracle Application Revenues are starting to come in!
After all the acquisitions Oracle announces their applications revenue for third quarter- up 57%!
Oracle announced that new license revenues for its Siebel, PeopleSoft, J.D. Edwards and Oracle applications were up 57% in its fiscal 2007 third quarter compared to the same period a year ago.
Of course Oracle President seized the opportunity to inform the press that Oracle was closing the gap with SAP- “Although SAP is still larger than Oracle in the applications business, we are closing the gap consistently and rapidly”, he said after close of trading.
Read more in the Information week article- Oracle Applications
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